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Mass market growth slowed in June

Mass market revenue is set to face some headwinds due to regulatory pressure, according to Morgan Stanley analysts in a note on Tuesday.

The brokerage said mass market growth decelerated in June, with estimated adjusted mass revenue growth down to 11 percent year-on-year in June, compared to 24 percent in May and 16 percent for the first half of 2017.

Regarding possible headwinds, Morgan Stanley says the recent KYC measures placed on ATM machines, along with the requirement for mainland banks to report all overseas cash withdrawals and transactions worth more than RMB1,000 (US$148) to SAFE from September will likely put pressure on mass market revenue.

The brokerage says it expects Galaxy and Wynn stocks to grow faster than its peers in 17Q2, while weaker results are expected for MGM China and Melco.

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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