• 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

Deutsche Bank lowers by 32pct its Macau 2Q GGR forecast

Apr 06, 2021 Newsdesk Latest News, Macau, Top of the deck  


Deutsche Bank lowers by 32pct its Macau 2Q GGR forecast

Deutsche Bank has reduced by nearly one-third its estimate for second-quarter casino gross gaming revenue (GGR) in the Macau market. The brokerage also reduced its full-year forecast by about 18 percent.

It now thinks GGR for the three months to June 30 will be US$2.97 billion, dropping its earlier estimate of US$4.39 billion, a downward adjustment of 32.3 percent, according to a note issued last week.

The new figure would still be a 634.8 percent year-on-year improvement on the US$404.8 million achieved in the second quarter, 2020, when inbound tourism to Macau was effectively stagnant due to the Covid-19 pandemic and related travel restrictions.

Analyst Carlo Santarelli said Macau’s March GGR result represented “a 68 percent shortfall relative to the GGR achieved in March 2019”.

Macau’s March and first-quarter GGR numbers were released by the Macau government on Thursday.

They showed that Macau casino GGR rose by 13.6 percent sequentially in March.

The aggregate GGR in the three months to March 31 was up about 8 percent from the fourth quarter of 2020.

Deutsche Bank forecasts, under its revised estimates, that second-quarter mass-market GGR will be US$2.15 billion, which would be up 894.8 percent year-on-year. The institution expects second-quarter VIP GGR to be US$820.8 million, which would be a year-on-year gain of 335.9 percent.

The institution now expects full-year 2021 GGR will be just under US$19.29 billion, up 154.9 percent year-on year.

The new full-year estimate is 17.7 percent below the bank’s prior forecast of US$23.44 billion.


  • tweet
Related articles
  • Okada Manila 4Q gaming revenue up 50pct y-o-y
    Okada Manila 4Q gaming revenue up 50pct...

    Jan 30, 2023  

  • Nearly 70k visitors to Macau on 6th day of CNY break
    Nearly 70k visitors to Macau on 6th day...

    Jan 27, 2023  

More news
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM
    Macau CNY mass GGR maybe 60pct plus of...

    Jan 31, 2023  

  • Pagcor 2022 income up 66pct y-o-y, tops US$1bln
    Pagcor 2022 income up 66pct y-o-y, tops...

    Jan 31, 2023  


Latest News

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Jan 31, 2023  

Macau mass-market casino gross gaming revenue (GGR) for the recent Chinese New Year (CNY) holidays could have recovered to at least 60 percent of that for the 2019 break, when the festivities were in...
Read More
Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Jan 31, 2023  

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


451,047

Aggregate number of visitors to Macau during the Chinese New Year holiday period



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Junket boss Levo Chan heard okaying illicit bets: courtJunket boss Levo Chan heard okaying illicit bets: court January 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us