Macau casino GGR up 18pct March, 13pct 1Q: govt
Casino gross gaming revenue (GGR) in Macau rose by 18.1 percent year-on-year in March, to MOP21.23 billion (US$2.65 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Saturday.
Several investment analysts had forecast year-on-year growth for March of between 12 percent and 16 percent.
The official publication of the March number meant the Macau market’s GGR tally for the first three months of 2017 stood at MOP63.48 billion, up 13 percent from the prior-year period.
In a Thursday report, Japanese brokerage Nomura had forecast first-quarter GGR growth of 12 percent from the prior-year period, based on a mass GGR increase of 2 percent quarter-on-quarter and a 5 percent quarter-on-quarter increase in VIP GGR.
The gaming bureau will issue the first-quarter market split between mass and VIP at a later date.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Raffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023 
Melco’s Studio City has foreigner-only bet zone: checks March 27, 2023 
Foreigners can use HK-Macau free ticket says tourism boss March 27, 2023 
Philippine lawmaker wants POGOs shut within 3 months March 27, 2023 
Macau diversification into non-gaming to remain slow: Fitch March 24, 2023