Mass market GGR rose 19.2 percent year-on-year in 18Q3, while VIP GGR increased only 3.6 percent in Macau in 18Q3, according to data from the Macau’s gaming regulator.
The results come amidst a tumble in Macau stocks, which have fallen an average of 40 percent since June due to concerns surrounding the impact of the US-China trade war and China’s crackdown on corruption.
According to data from DICJ, mass market GGR reached MOP 33.7 billion ($4.2 billion) in the quarter, while VIP revenues came in at MOP 40.1 billion.
Total GGR for the quarter reached MOP 73.8 billion, an increase of 10.2 percent.
While Macau’s stocks have fallen, investors are not convinced that there would be a reversal in Macau GGR growth.
Deutsche Bank analysts predicts total GGR for the fourth quarter of 2018 to increase 8.5 percent year-on-year, reaching MOP 79.4 billion ($9.8 billion).
This would include a 9.6 percent increase in mass GGR and 7.6 percent increase in VIP GGR.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264