• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Brokers detect slowing of Macau casino GGR flow in August

Aug 06, 2019 Newsdesk Latest News, Macau, Top of the deck  


Brokers detect slowing of Macau casino GGR flow in August

Two stockbroking firms reckon gross gaming revenue (GGR) in Macau casinos flowed in at the average rate of about MOP750 million (US$92.89 million) a day in the first four days of August, or 5 percent more slowly than in all of July.

The stockbroking arm of Nomura and Sanford C. Bernstein issued on Monday notes containing their estimates of Macau casino GGR in the first four days of the month.

Both stockbrokers took into account their estimates in making forecasts that GGR in Macau casinos will be lower in August than a year ago, showing an annual fall for the second month in a row.

Macau’s Gaming Inspection and Coordination Bureau figures indicate that casino GGR in the city fell to MOP24.45 billion in July, 3.5 percent less than a year earlier.

The Nomura note said of Macau casino GGR in the first four days of August: “We believe GGR per day benefited from a higher weekend (Friday and Saturday) to weekday ratio, which helped daily GGR by an estimated MOP64 million.”

But, the note added, “Offsetting the positive impact from a higher weekend mix was Tropical Storm Wipha, which was signalled as a Number 8 typhoon on August 1.”

Nomura forecasts that Macau casino GGR will be between MOP25 billion and MOP26 billion in August – that is, up to 5 percent less than a year ago.

“The about 0 percent to 5 percent year-on-year decline we estimate for August is roughly consistent with July’s minus 3.5 percent year-on-year change,” the note said. “However, we expect positive GGR growth to resume in September, given much easier one-year growth comps.”

The Sanford C. Bernstein note said of Macau casino GGR in the first four days of August: “GGR month-to-date was impacted by Typhoon Wipha, which disrupted transportation.”

It continued: “Additionally, we are beginning to see a negative impact from the protests in Hong Kong, which is causing some transport disruption (on weekends, largely, so far) and beginning to create a headwind to China visitation into Hong Kong (and onward visitation into Macau).”

The note added: “Further, the negativity surrounding Suncity continues to pressure junket VIP as agents withdraw some funds and delay visiting Macau. Overall negativity surrounding the geopolitical and macro situation is having a negative impact on GGR.”

That was a reference to a July report by Chinese state-backed media that alleged that Suncity Group had been involved in operating an online gaming platform for play outside Macau, allegations publicly denied by the company.

The privately-held Suncity Group and its chairman Alvin Chau Cheok Wa have been mentioned in media reports in Australia as being the target of an investigation by authorities in that country. Another company controlled by Mr Chau – Hong Kong-listed Suncity Group Holdings Ltd – has said in a Monday filing that neither the firm nor Mr Chau are currently being investigated by authorities in Australia.

In its Monday memo, Sanford C. Bernstein forecasts that Macau casino GGR in August will be between 2 percent and 4 percent lower than a year ago.

“The first four days of August (comprising a full weekend) started off poorly, with low VIP volumes (hold was around normal) and softer-than-anticipated mass,” the note said. “Delivering positive growth in August would need to rely on outsized VIP volumes and higher hold – something not in our forecast,” it added.


  • tweet
Related articles
  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  

  • Macau visitor tally up 14pct m-o-m in February
    Macau visitor tally up 14pct m-o-m in...

    Mar 17, 2023  

More news
  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

  • Let’s Win hosts grand opening for club at Hoiana in Vietnam
    Let’s Win hosts grand opening for...

    Mar 20, 2023  


Latest News

Nagasaki says Credit Suisse woes not to impact IR plan

Nagasaki says Credit Suisse woes not to impact IR plan

Mar 20, 2023  

Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
Read More
Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Mar 20, 2023  

Let’s Win hosts grand opening for club at Hoiana in Vietnam

Let’s Win hosts grand opening for club at Hoiana in...

Mar 20, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


1.59 million

Total number of visitor arrivals to Macau in February



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us