Wednesday, August 10, 2022

VIP growth to slow in 2018: analysts

While 2017 saw strong VIP recovery, the VIP model is likely to face headwinds going into the second half of 2018, said Bernstein in a Friday note.

The firm estimates VIP growth to reach 8 percent in 2018, compared to an estimated 26 percent growth in 2017.

Mass however, should remain a secular long-term low double digit growth story, said the firm.

On Friday, UBS made similar predictions, with expectations of 10 percent VIP growth and 11 percent mass growth in 2018, while estimating overall GGR to rise 11 percent.

The brokerage firm also noted that 2018 will see a number of new developments including resort openings, further details on Macau concession renewals in mid-2018 and the opening of the Hong Kong-Zhuhai-Macau bridge.

Looking into the next few months, UBS noted that with Chinese New Year this year shifting to mid-February (as opposed to January 28 in 2017), comps will be tougher in February and easier in January as a result of the typical pre-CNY lull.

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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