• 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

Macau casino demand bounces back post typhoon: Nomura

Sep 21, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau casino demand bounces back post typhoon: Nomura

The Instinet research arm of stockbroking firm Nomura says mid-week casino demand has “recovered quickly”, following disruption caused by Typhoon Mangkhut over the weekend.

“We have spoken with a number of operators over the last few days and believe post-typhoon trends in Macau have already normalised,” Nomura analysts Harry Curtis, Daniel Adam and Brian Dobson wrote in a note issued on Wednesday.

“Unlike Typhoon Hato, which struck Macau last year, we understand there was minimal damage to the city’s infrastructure from Typhoon Mangkhut,” they added. “As a result, we do not expect the same lingering, negative, post-typhoon impact that affected Macau GGR [gross gaming revenue] last year to repeat.”

Typhoon Hato struck the city on August 23, 2017 with wind speeds of 200 kilometres per hour (124 mph), leading to 10 deaths in the city and widespread damage to infrastructure that disrupted the city’s tourism industry for more than a week afterwards. A number of gaming resorts also reported having partially to reduce their operations following the storm. Some gaming venues had their operations suspended for several weeks, due to damage caused by the typhoon.

This time, Macau imposed a precautionary closure of all casinos from late Saturday until Monday morning, due to the passage of Typhoon Mangkhut. The decision was unprecedented.

Typhoon Mangkhut – the strongest storm to impact Macao this year – struck the city on Sunday. The storm brought adverse weather conditions, and severe flooding to several of the city’s low-lying areas.

As of Wednesday morning, all casinos in Macau were back to business.

“Although post-typhoon demand has already bounced back, our analysis… suggests the mandatory suspension of casino operations over the weekend could impact September GGR growth by approximately 500 basis points (negative),” the Japanese brokerage confirmed in its Wednesday note.

On Monday, Nomura had issued a note saying it had reduced its forecast of Macau GGR for September to MOP23.44 billion (US$2.9 billion), or 10 percent more than a year ago, from its previous estimate of MOP24.5 billion, or 15 percent growth.

“The approximately 500 basis points of negative typhoon-related impact to September GGR growth approximates to around US$30 million of negative EBITDA [earnings before interest, taxation, depreciation and amortisation] impact market-wide,” Nomura said.

It added: “By operator, we estimate the potential third quarter EBITDA impact from the typhoon as follows: Las Vegas Sands Corp – US$8 million, Wynn Resorts Ltd – US$4 million, Melco Resorts and Entertainment Ltd – US$4 million, and MGM Resorts International – US$3 million.”

U.S.-based Las Vegas Sands is the parent firm of Macau casino operator Sands China Ltd. Wynn Resorts – also based in the United States – controls Wynn Macau Ltd, which runs two casinos in Macau. U.S.-based MGM Resorts is the controlling shareholder of MGM China Holdings Ltd, also with two casino properties in Macau. Melco Resorts is the operator of City of Dreams Macau, Studio City and Altira Macau.


  • tweet
Related articles
  • LVS gets 1-year extension for Marina Bay Sands 2.0 start
    LVS gets 1-year extension for Marina...

    Mar 24, 2023  

  • Sands China woos Singaporeans as Air Macau opens route
    Sands China woos Singaporeans as Air...

    Mar 23, 2023  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us