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
Interviews
-
BMM prepped for Macau EGM regulation update: White BMM Testlabs “ticks all the boxes” with regard to its... -
Japan, Cambodia, Vietnam casino biz to watch: Klebanow The regulated casino industry is well versed in dealing... -
Cloud services, e-Sports highlights of MGS 2017: Chun The presence of some of the leading cloud computing... -
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...
Most Popular
Wynn Macau Ltd profit doubles, peninsula revamp soon April 25, 2018 
Macau regulator approves Lucky 6 side bet for baccarat April 25, 2018 
Macau Legend plans min US$300-mln further Laos input April 24, 2018