Macau Revenue Dips: First Time in a Long Time
Published on:
Jul/22/2013
Macau, the Asian gambling Mecca, has witnessed a rare decline in revenue.
RBC Capital Markets analyst John Kempf said gross gaming revenue for table games and slots last week was $105.5 million, down from $116.3 million the week before, Investors Business Daily noted.
"If we assume that the remainder of the month will come in at last week's rate, then gross gaming revenues for July will increase 13%," Kempf said in the note, which "may give some ammunition to the 'China bears.'"
Las Vegas Sands and Wynn, both heavily reliant on the Macau market, saw little change in their share price Monday.
- Aaron Goldstein, Gambling911.com
