Macau expected to post double-digit revenue growth in November

|By:, SA News Editor

Macau revenue is expected to increase 11% Y/Y in November to 18.23B patacas ($2.28B), according to a Bloomberg survey of analysts. Estimates ranged from +8% growth to +15%.

Positive drivers of revenue in the region include improved VIP demand, additional junket credit options and the new casino properties that have recently opened.

Official numbers will be released the first week of December.

Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MG), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).