Broker tips April gaming revenue to rise 5-10 pct

Sterne Agee forecasts that annual growth in Macau’s gross gaming revenue will be between 5 percent and 10 percent this month. The stockbroker says the gross gaming revenue run rate in the first two weeks of the month was about 2 percent more than in the corresponding period last year, and that the growth was less than its estimate of somewhere around 15 percent. But Sterne Agee is keeping its forecast of revenue for the whole year.