Apr 01, 2017 Newsdesk Latest News, Macau, Top of the deck  
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.
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Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
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”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”
Sherwin Gatchalian
Chairman of the Committee on Ways and Means of the Senate of the Philippines