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Las Vegas Sands Corp. Message Board

  • mrtaxx mrtaxx Feb 26, 2013 2:18 PM Flag

    Wells, Citi, Nomura & Sterne Agee Raise Revenue Estimates

     

    Based on these results, Wells Fargo is now forecasting gaming revenue growth for full-February of nine to 11 percent, at the high end of its original estimate.

    Citigroup has raised its estimate to a nine-percent growth rate, to MOP26.5 billion, from an earlier estimate of MOP25 billion.

    Nomura also revised upwards its forecast, to between MOP25.5 billion and MOP26.5 billion, from MOP24.5 billion to MOP25.5 billion.

    Sterne Agee said the run-rate so far puts February’s total take at MOP26.8 billion, up by over 10 percent year-on-year.

    February casino revenue forecasts revised upward

    Several gaming analysts have just revised upward their forecasts for Macau’s casino industry performance this month.

    The revisions came on the back of a strong post-Lunar New Year festive period, with VIP gaming revenue picking up, after several high-rollers reportedly avoided the holiday crowds.

    Revision of Estimates: During the first seven days of the New Lunar Year (February 10 to 16), casino gross gaming revenue actually contracted by 3.9 percent, to MOP7.2 billion (US$900 million), in comparison with the same festive season in 2011, Lusa news agency reported, quoting unidentified industry sources. That had led many analysts to revise downward their forecasts for February.

    Several investment banks and brokerage firms say that in the first 24 days of February, casino gross gaming revenue in Macau reached over MOP23 billion, including slot-machine revenue.

    Based on these results, Wells Fargo is now forecasting gaming revenue growth for full-February of nine to 11 percent, at the high end of its original estimate.

    Citigroup has raised its estimate to a nine-percent growth rate, to MOP26.5 billion, from an earlier estimate of MOP25 billion.

    Nomura also revised upwards its forecast, to between MOP25.5 billion and MOP26.5 billion, from MOP24.5 billion to MOP25.5 billion.

    Sterne Agee said the run-rate so far puts February’s total take at MOP26.8 billion, up by over 10 percent year-on-year.

    Positive article!

    Dated 2/26/2013

    This topic is deleted.
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    • No surprise in any of this, Taxx. The weeks leading up to LNY are traditionally slow, LNY itself is mass-market intensive as VIPs travel further to punt or engage in family and domestic events... while also avoiding the mass market crowds, especially given that they were predicted to be bigger than normal this year.

      In past years, there has been a modest "pent-up demand" effect from VIPs following the LNY, but your post here is illustrating what analysts are seeing... which is more pent up demand than usual among post-LNY VIPs.

      Nice to see, and indicative of sustained recovery from the soft landing and crack-down scares.

      S

    • This is amazing. These guys are like penquins. One day they say buy and another sell. there numbers are picked from their a@@es. Nothing ever changed. What corruption. LVS looks great. Hotels, Food, Gambling, and Singapore looks better. With exception of Vegas incident Vegas was improving according to state $. Beth Sands numbers were ramping good. All this noise. It is exhausting!!

    • zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzas usual

 
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