GGRAsia – Macau casino GGR up about 29pct in July: govt

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Macau casino GGR up about 29pct in July: govt

Aug 01, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino GGR up about 29pct in July: govt

Casino gross gaming revenue (GGR) in Macau rose by 29.2 percent year-on-year in July, to MOP22.96 billion (US$2.85 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Tuesday.

It marked a full year of GGR growth in the market, and the biggest increase in year-on-year terms since February 2014. July’s GGR tally was up 14.9 percent month-on-month.

Several investment analysts had forecast year-on-year growth for July of approximately 30 percent.

“Macau July GGR came in above expectation,” said brokerage Sanford C. Bernstein Ltd in a note on Tuesday.

“Average daily revenue (ADR) for the month was MOP741 million (11 percent above June’s ADR of MOP666 million, 1 percent above May’s ADR of MOP734 million),” said analysts Vitaly Umansky, Zhen Gong and Yang Xie.

Macau market’s GGR tally for the first seven months of 2017 stood at MOP149.34 billion, up 18.9 percent from the prior-year period, according to the official data.

Related articles

Macau visitor arrivals up 2.4 pct in...
Oct 23, 2017
Bloomberry committed to casino project...
Oct 23, 2017

More news

Cloud services, e-Sports highlights of...
Oct 23, 2017
Likely decade first in upped casino op...
Oct 23, 2017

Macau visitor arrivals up 2.4 pct in September

Macau visitor arrivals up 2.4 pct in September

Oct 23, 2017

The number of visitor arrivals to Macau during September increased by 2.4 percent year-on-year to nearly 2.49 million, according to data released on Monday by the city’s Statistics and Census...

Cloud services, e-Sports highlights of MGS 2017: Chun

Cloud services, e-Sports highlights of MGS 2017: Chun

Oct 23, 2017

Bloomberry committed to casino project in Quezon: CEO

Bloomberry committed to casino project in Quezon: CEO

Oct 23, 2017

Gravity pull of Macau new casinos limits satellite venues
Oct 10, 2017

The recent arrival in the Macau market of a new so-called...
Macau Peninsula to become 2nd-tier casino hub: analyst
Aug 11, 2017

Macau’s traditional gaming zone on downtown peninsula...
Manila casino attack gives sector pause
Jun 27, 2017

Management at two major casino venues in the Philippine...
Virtual sports, next big thing in Macau casino market?
Nov 23, 2016

Hong Kong-listed casino equipment supplier Paradise...
Still room for improvement at Studio City: pundits
Oct 27, 2016

As Studio City – the US$3.2-billion, 2015 addition to...