Saturday, August 13, 2022

Macau GGR set for new records: Bloomberg


Gross gambling revenue in Macau is likely to rise 14 percent in 2018 before moving on to set record highs in 2019, Bloomberg reported, citing a survey of 10 analysts.

GGR is likely to top the MOP361.86 billion ($45 billion) peak set in 2013 before the Chinese government’s clampdown on corruption triggered a slump in revenue.

VIP gamers are expected to be the biggest driver, Bloomberg says, but the new Cotai casinos will also attract more leisure tourists, with visitor arrivals likely to rise 7 percent next year.

MGM China is expected to open its new property on Cotai in January after pushing back the opening from 2017, due in part to the impact of Typhoon Hato.

Bernstein Research said earlier this week that December GGR is on track for a gain of between 17 percent to 19 percent, ending the year on a strong note. VIP revenue has lead the gains throughout 2017, showing a rise of 35 percent in Q3, according to the most recent official breakdown.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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