Goldman Sachs still bullish on Macau

    Goldman Sachs says it’s maintaining its estimates for gross gambling revenue growth in Jan-Feb to be in the low to mid-teens and says it’s keeping its full-year GGR forecast at 16 percent, after a recent visit. The firm says VIP growth is likely to be 12 percent and mass market 24 percent. The firm said it visited all Cotai project sites during the visit, with Galaxy Entertainment’s Macau Phase 2 project appearing to be ahead of the rest and on track for completion in mid-2015.