Sterne Agee tightens April gaming revenue forecast

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Sterne Agee has made a more precise forecast of growth in Macau’s gross gaming revenue this month, now estimating that annual growth will be between 5 percent and 8 percent instead of between 5 percent and 10 percent. The stockbroker says in a note that the run rate this month indicates growth of 7 percent. It expects growth in gaming revenue to accelerate, and now forecasts an increase this year of between 10 percent and 15 percent.