The casino shutdown is expected to cost Macau from 1.1 billion patacas to 1.5 billion patacas in lost gaming revenue, estimated Union Gaming Securities Asia Ltd. analyst Grant Govertsen. The storm disruption is expected to dampen casino revenue in Macau, with Govertsen and other analysts lowering the hub’s outlook. The shutdown is the latest blow to Macau casino operators after a rebound for the industry that began more than two years ago. “September could be a month to forget.”Kim also lowered September’s gaming revenue growth forecast to low-single digits from a previous 13 percent estimate. The casino shutdown will also slow down this quarter’s revenue growth to 10 percent from the firm’s current estimate of 14 percent, the note said.

Source: The Star September 17, 2018 01:30 UTC