Friday, March 29, 2024 - Login

Deutsche Bank projects 2Q15 GGR will fall 32.9 percent


Deutsche Bank has revised down its revenue forecasts for the 2Q15 and the entire year, projecting gross gaming revenue will fall to 32.9 percent and 25.9 percent, respectively.

Second quarter revenue was previously estimated to fall 26.3 percent year-on-year, and full year revenue, 21.4 percent.

“Our estimate for April is -36.9%. We are estimating 2Q15 VIP & mass revenue comparisons of –37.7% and -25.6%, respectively. Our full year 2015 forecast for mass revenue is -17.7%, while our VIP revenue forecast is –31.4%,” analyst Carlo Santarelli wrote in a note.

April’s GGR forecast of negative 36.9 percent is underpinned by a 42.7 percent year-on-year decline in VIP revenue and a 27.5 percent decline in the mass market segment, inclusive of

slots.

“Our down 27.5% expectation for the mass market assumes a 27.0% y/y decline in mass table revenue and a 32.5% y/y decline in slot revenue.”

The Deutsche Bank analyst say revenue will grow 3.8 percent in 2016.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief