Macau is on track to record gross gaming revenue growth of between 14% and 18% in May, according to Wells Fargo.
In an overnight release, analyst Cameron McKnight said the financial services firm was predicting average daily revenues of between MOP$675 million and US$700 million based on current data, which is “in-line with the historical five-year average month-to-month growth of 4% in May.”
Macau has enjoyed growth of 13.8% for the first four months of the year, including 16.3% growth in April gaming revenues to MOP$20.16 billion.
May’s expected revenue results would represent a 10th consecutive month of positive growth following 26 months of decline between 2014 and 2016.
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