Galaxy Entertainment Group Ltd’s addition of two new VIP rooms at its Galaxy Macau property on Cotai is likely to help the casino operator “outpace” the rest of the market on VIP baccarat revenue growth said Union Gaming Research Macau Ltd in a note.
The research house said that was in the context of “some of its [Galaxy’s] peer group seemingly placing a slightly lower focus on VIP lately”.
Gamal Aziz, president of Wynn Macau Ltd, told GGRAsia on the sidelines of the opening session of Global Gaming Expo (G2E) Asia 2014 that premium mass players – that theoretically offer superior margins to the house compared to credit-based high rollers – were now being courted more assiduously by his company, via perks traditionally reserved for VIPs including complimentary rooms.
Union Gaming said in its note today that Galaxy Macau’s two new VIP rooms were opened in April. GEG reported yesterday that its gaming revenue was up 33 percent year-on-year and seven percent sequentially in the first quarter of 2014.
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”Everyone’s expectation is to do a percentage of the past year’s [casino revenue in Macau during China’s National Day Golden Week holiday]. No one is expecting to have an immediate rebound"
Vice chairman and chief operating officer of casino operator Wynn Macau Ltd