The market as a whole is drowning in a sea of analyst compliments with the latest coming from Nomura and Citigroup. Macau Business reports that Nomura are projecting October has the potential to achieve anything from MOP27billion MOP28bn in gross gaming revenue – an increase of between 1 percent and 4 percent. Citigroup, meanwhile, think a 5 percent rise to MOP28bn is closer to the truth. Both estimates will give October 2012 a place in the Macau Guinness Book of Records as it will beat last year’s figure of MOP26.85bn.
A casino that operates under an SJM Holdings licence has returned 40 gaming tables to the company. Macau Business reports that investment firm Amax Holdings said that the Greek Mythology casino, in which it has a 24.8 percent stake, has returned the tables that mae up around a third of its total inventory at the casino. Amax commented that returning the tables will have a “material adverse financial impact” on the firm and it could mean a reduction in market share.