Equity research powerhouses continue to bet on Macau’s casino industry. The latest is Nomura. Its analyst Harry Curtis wrote in an investors’ note that Macau´s March casino gross gaming revenue could reach MOP25.5 billion (US$3.19 billion), up by 27 percent year-on-year. Citigroup is also bullish about the sector. The investment bank says that gross gaming revenue is expected to rise 30 percent this year in the mass market segment versus 16 percent growth for the VIP segment. The boost in mass market business should drive continued margin improvements, particularly at top picks Melco Crown Entertainment Ltd, Sands China Ltd and Galaxy Entertainment Group Ltd, analysts led by Anil Daswani wrote in a report.
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