Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 16.8 percent year-on-year in the first quarter of 2017, according to data released on Tuesday by the local regulator, the Gaming Inspection and Coordination Bureau.
Mass-market casino GGR – including that from slot machines – rose by 8.5 percent from the prior-year period. Excluding slots, the mass segment expanded by 7.9 percent year-on-year, according to Macau government data.
VIP baccarat casino GGR in the three months to March 31 was MOP35.49 billion (US$4.43 billion) compared to MOP30.38 billion in the prior-year period.
The market aggregate for all casino GGR in the first quarter 2017 had been reported on April 1 by the gaming bureau as standing at MOP63.48 billion, a year-on-year increase of 13.0 percent.
That represented the highest average daily revenue for the city in two years, in terms of a non-holiday period, brokerage JP Morgan Securities (Asia Pacific) Ltd had said.
In the breakdown for first-quarter 2017 released on Tuesday, VIP baccarat revenue as a proportion of all casino GGR in the period stood at 55.9 percent, up from the 54.1 percent contribution in the prior-year quarter.
The mass-market segment saw its third consecutive quarter of expansion in the January to March period.
Mass-market gambling, including play from slot machines, achieved its 8.5 percent year-on-year growth in the three months to March 31 by generating nearly MOP27.99 billion in GGR.
According to the data released on Tuesday, GGR from slot machines was nearly MOP3.24 billion in the first quarter of 2017, up 13.3 percent from the prior-year period.
First-quarter revenue from live multi game products – those featuring table-style games with live dealers but electronic betting and electronic bet settlement – was MOP580 million for the first quarter 2017, an increase of 6.0 percent from a year earlier.
(Updated at 10.20am, April 19)
Nov 19, 2019Japan’s national government would not start accepting for consideration local authorities’ plans for integrated resorts – as casino complexes are known in that country – until January 4,...
Nov 06, 2019A senior official of Japan’s Nagasaki prefecture has...
Jul 15, 2019Hong Kong-listed casino operator and developer NagaCorp Ltd...
Jul 12, 2019Asia-based casino logistics provider TKHS Group has plans...
Jul 04, 2019Japan’s Nagasaki prefecture and Sasebo city aspire to...
Jun 12, 2019Hong Kong-listed casino services firm Macau Legend...
"The protests in Hong Kong may have caused some transport disruption and created a headwind to China visitation into Hong Kong (and onward visitation into Macau), but we believe the impact on GGR from the Hong Kong protests has been more minor"
Vitaly Umansky, Eunice Lee and Kelsey Zhu
Analysts at brokerage Sanford Bernstein