Wells Fargo Lowers June Macau Revenue Growth Amid World Cup
Wells Fargo analyst Cameron McKnight lowered June Macau gaming revenue growth following recent checks.
McKnight lowered June Macau gaming revenue growth from +1-5 percent to the range of unchanged to down two percent. The analyst expects the level of play for the rest of June “to trend at or below this week's result.”
Amid the start of the World Cup, Wells Fargo sees the weight of revenue coming in at 2.5- 2.6 percent, which is considered a low hold.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.