Citi and HSBC bullish on Macau; Nomura, Wells Fargo more cautious

    Citi and HSBC have weighed in with their forecasts for Macau gross gaming revenue for 2014 and March, with expectations at the high end of the range. Citi sees 22 percent growth in 2014, based on estimates that the $8.36 billion taken in January and February will make up about 15 percent of the year’s total, as has been the case in the past. Meanwhile, HSBC has put March gaming revenue at between 16 and 20 percent higher than a year ago, with a take of between MOP36.5 billion ($4.6 billion) and MOP 37.5 billion. Meanwhile, Nomura and Wells Fargo have been slightly more cautious with a range of between 13 percent and 18 percent.