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)
Interviews
-
Crunch time for Tokyo casino option: Caesars exec The Tokyo local election setback for Japan’s governing... -
Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo A multibillion U.S. dollar casino project on Vietnam’s... -
iGaming growing part of GLI testing in Asia: Ian Hughes Online gaming compliance testing services have become an... -
Japan number one priority for Galaxy Entertainment: Mecca Macau-based casino operator Galaxy Entertainment Group Ltd... -
Data analytics future of casino surveillance: Synectics VP A huge quantity of cameras alone does not ensure...
Most Popular
Chan Meng Kam to buy Lan Kwai Fong casino hotel October 17, 2017 
Op-regulator variance on Macau GGR meaningful: Nomura October 17, 2017 
Macau VIP up 35pct in 3Q, was 58pct of all GGR: govt October 16, 2017