GGRAsia – Macau

Macau

Macau visitor non-gaming spend down 17pct in 3Q

Nov 19, 2019 Newsdesk Latest News, Macau, Top of the deck

Visitors to Macau spent an aggregate of MOP15.20 billion (US$1.89 billion), excluding gaming expenses, in the third quarter of 2019, down 17.2 percent year-on-year, according to the latest visitor...

Macau gaming rev CAGR at 9pct for 2019-23: Bernstein

Nov 19, 2019 Newsdesk Latest News, Macau, Top of the deck

The compound annual growth rate (CAGR) of Macau’s casino gross gaming revenue (GGR) could be 9 percent for the period spanning 2019 to 2023, says brokerage Sanford C. Bernstein Ltd in a report...

Nov likely hardest 2019 Macau GGR decline: analysts

Nov 19, 2019 Newsdesk Latest News, Macau, Top of the deck

Ongoing protests in Hong Kong “appear to be having a slightly negative impact” on the Macau casino sector’s weekly gross gaming revenue (GGR) numbers. So said a Monday note from Nomura...

Morgan Stanley cuts Macau 2020 GGR growth estimates

Nov 18, 2019 Newsdesk Latest News, Macau, Top of the deck

Banking group Morgan Stanley has reduced its 2020 estimates for Macau’s casino gross gaming revenue (GGR) growth by 100 basis points. It now expects 2020 GGR to expand by 2 percent, compared...

Macau junket trade boss says 4Q VIP demand still weak

Nov 15, 2019 Newsdesk Latest News, Macau, Top of the deck

The outlook for Macau’s VIP gambling segment remains clouded for the remainder of the fourth quarter, and market consolidation regarding some local smaller-scale junket operators is likely to...

Macau GDP fall widens in 3Q on gaming woes: govt

Nov 15, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau’s gross domestic product (GDP) fell by 4.5 percent year-on-year in real terms in the third quarter 2019, said on Friday the city’s Statistics and Census Service. The decline in GDP in the...

Macau govt forecasts flat casino GGR in 2020: budget

Nov 13, 2019 Newsdesk Latest News, Macau, Top of the deck

The Macau government forecasts the city’s casino gross gaming revenue (GGR) to come in at about MOP260 billion (US$32.2 billion) in 2020, flat compared to the forecast for 2019. That is based on a...

Macau gaming labour group calls for 5-pct pay hike

Nov 13, 2019 Newsdesk Latest News, Macau, Top of the deck

A Macau gaming labour activist group has called on the city’s gaming operators to award their staff a pay hike of “at least 5 percent”. It said that the salary increases in recent years...

Expect stable Macau market until year-end: Linda Chen

Nov 12, 2019 Newsdesk Latest News, Macau, Top of the deck

Linda Chen, vice chairman and chief operating officer of Macau casino operator Wynn Macau Ltd, says she is “not worried at all” with the ongoing contraction in the city’s VIP gaming sector. Ms...

Sands China sees ‘stable’ gaming biz: Wong

Nov 12, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Sands China Ltd expects a “stable” performance in gaming for the company for the rest of this year. The city’s VIP gaming segment has seen contraction in previous...

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Asia Pioneer bullish on its long-term growth

Nov 14, 2019

Sponsored feature | Management at Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd expects its business to continue to expand, with the firm looking to build its presence in Macau and tap into new markets in Southeast Asia. So says Herman Ng Man Ho, company managing director and chief...