Macau’s gross gaming revenue in 16Q4 is forecast to hit +7 percent year-on-year, as new projects continue to ramp up, said Bernstein in a note on Monday.
GGR results in 16Q3 reaffirmed the view that the sector’s profitability had finally returned to growth, said the brokerage.
“...late spring finally brought growth in mass and more recently VIP has been showing positive signs with growth evident since September.”
Bernstein analysts are forecasting 16Q4 GGR to post growth of +7 percent year-on-year, while 2016E GGR will be down only 4 percent year-on-year.
The firm’s top picks are Melco Crown - due to the stronger ramp up of Studio City, and Wynn Macau, which it says will be a “game changer” once it successfully ramps up.
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