With September gaming revenues off to a strong start, analysts expect growth for the month could reach around 20 percent.
Sterne Agee reported that revenues were up 25 percent on a full-month basis during the first eight days of September. The firm expects the pace to slow to 16 percent for the month overall. Wells Fargo expects September revenues to be up 18 percent to 22 percent from last year.
Citigroup and UBS meanwhile have raised their annual growth forecasts. Citi now sees annual revenue reaching $44 billion and UBS raised its projection of growth to 14 percent from 12 percent. It now expects mass revenues to grow 28 percent, up from 22 percent, and it edged up its expectations for VIP expansion to 8.6 percent from 7.9 percent. The bank expects Macau operators to shift tables from VIP to mass over the next two years and has reduced its 2014 VIP growth forecast to 6 percent from 9 percent but raised its expectations for mass growth to 19 percent from 16 percent.