• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau GGR at near standstill for 2014 on Nov result

Dec 01, 2014 Newsdesk Latest News, Macau, Top of the deck  


Macau GGR at near standstill for 2014 on Nov result

Gross gaming revenue (GGR) in Macau for the calendar year to November 30 is at near standstill levels judged year-on-year, based on the latest numbers for last month.

GGR for November fell 19.6 percent year-on-year to MOP24.27 billion (US$3.04 billion) compared to MOP30.18 billion in the year-prior period, said the territory’s regulator the Gaming Inspection and Coordination Bureau (DICJ) on Monday.

The accumulated total for the calendar year to November 30 stood at MOP328.24 billion, a year-on-year rise of only 0.3 percent on the MOP327.28 achieved in the same period last year.

Investment analysts at Credit Suisse AG in Hong Kong had expected a 20 percent year-on-year decline in November – based on unofficial industry returns on average daily revenue up to November 23.

The split between mass revenue and VIP revenue for November won’t be officially known until the fourth quarter results are published by DICJ early in January.

But in October mass-market revenue dropped about 8 percent year-on-year, according to unofficial industry returns quoted by investment analysts. GGR market-wide in Macau dropped by 23 percent year-on-year in October, according to official data.

There has been a contraction in VIP revenue seen in every month since June, linked by analysts to the corruption crackdown in mainland China. Prior to October however, the mass market was still expanding year-on-year, albeit at a slower rate than last year.

Credit Suisse additionally said last week that the outlook for Macau GGR was still clouded by margin decline – linked to the contraction in the higher margin mass gaming segment – and keener competition on price between Macau casino operators, including “more aggressive junket incentive plans” for 2015.


  • tweet
Related articles
  • Macau casino GGR soared in final days of CNY: brokerages
    Macau casino GGR soared in final days...

    Feb 23, 2021  

  • Macau 2020 gaming tax take US$3.7bln, down 74pct
    Macau 2020 gaming tax...

    Feb 19, 2021  

More news
  • Melco’s Lawrence Ho hopeful on Macau recovery in March
    Melco’s Lawrence Ho hopeful on Macau...

    Feb 26, 2021  

  • Paradise 4Q loss up sequentially, positive EBITDA
    Paradise 4Q loss up sequentially,...

    Feb 26, 2021  


Latest News

Melco’s Lawrence Ho hopeful on Macau recovery in March

Melco’s Lawrence Ho hopeful on Macau recovery in March

Feb 26, 2021  

Lawrence Ho Yau Lung, chairman and chief executive of casino operator Melco Resorts and Entertainment Ltd, says Macau’s casino sector could start showing recovery signs in “mid-to-late...
Read More
Paradise 4Q loss up sequentially, positive EBITDA

Paradise 4Q loss up sequentially, positive EBITDA

Feb 26, 2021  

Gaming recovery helps Melco Resorts EBITDA break even 4Q

Gaming recovery helps Melco Resorts EBITDA break even 4Q

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$129.0 million

Adjusted EBITDA reported by Macau casino operator Galaxy Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Caesars out of Korea, ex-partner R&F asks 3yr delayCaesars out of Korea, ex-partner R&F asks 3yr delay February 19, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us