With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017.

Things Looking Brighter For Macau

In a new report, Citi analyst Anil Daswani said Macau investors can expect 2017 to usher in the first positive year of gross gaming revenue (GGR) growth since 2013.

According to Daswani, Macau’s growth will be driven by the mass market revenue, which he expects will reach record levels by the end of 2017.

“We anticipate Mass GGR to reach a record high of MOP37.7bn in 4Q17E (vs. the previous high of MOP37.1bn achieved in 1Q14),” Daswani explained.

Citi now projects Macau gaming revenue will close out 2016 with GGR down roughly 4 percent on the year. In 2017, Citi is now calling for 10 percent year-over-year GGR growth.

Consensus And Specifics

Citi was…

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