• 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 GGR up 5.7 pct in a festive February

Mar 01, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau casino GGR up 5.7 pct in a festive February

Casino gross gaming revenue (GGR) in Macau rose by 5.7 percent year-on-year in February, to MOP24.30 billion (US$3.01 billion), according to data from the city’s regulator, the Gaming Inspection and Coordination Bureau, released on Thursday.

The latest monthly result puts the market’s accumulated 2018 year-on-year growth at 19.7 percent, or MOP50.56 billion.

February included the Chinese New Year holiday, which typically sees a spike in visitor numbers and in GGR, although a number of investment analysts have pointed out that at other times of the year Macau visitor volume is not necessarily a predictor of GGR volume.

Macau’s visitor tally in the seven days of the Chinese New Year holiday – between February 15 and 21 – rose by 6.5 percent year-on-year to 963,265, according to preliminary figures reported by the Macao Government Tourism Office.

“Clearly there was a rather sharp drop-off in GGR as the Chinese New Year holiday came to a close, with the holiday period seemingly front-end loaded (the first weekend was busier than the second),” said analyst Grant Govertsen of Union Gaming Securities Asia Ltd in a note following Thursday’s February GGR announcement by the Gaming Inspection and Coordination Bureau.

He added: “We expect low/mid-teens growth in March, suggesting total first quarter 2018 growth of around 18 percent. The March calendar is favourable with one additional Saturday relative to last year.”

(Updated at 13.55pm, Mar 1)


  • tweet
Related articles
  • Macau 1Q suspect gaming transaction reports up 14pct y-o-y
    Macau 1Q suspect gaming transaction...

    May 09, 2022  

  • Asia Pacific Group says DICJ upped AML role: Macau govt
    Asia Pacific Group says DICJ upped AML...

    Apr 08, 2022  

More news
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP Morgan
    Macau GGR tax cut may spur 15pct EBITDA...

    May 16, 2022  

  • Macau mulls GGR tax cut if casinos attract foreign players
    Macau mulls GGR tax cut if casinos...

    May 13, 2022  


Latest News

Macau GGR tax cut may spur 15pct EBITDA hike: JP Morgan

Macau GGR tax cut may spur 15pct EBITDA hike: JP Morgan

May 16, 2022  

A cut of 5 percentage points in the tax levied on Macau gross gaming revenue (GGR “would be equivalent to a 12 to 15 percent boost” to estimated industry earnings before interest, taxation,...
Read More
Macau mulls GGR tax cut if casinos attract foreign players

Macau mulls GGR tax cut if casinos attract foreign players

May 13, 2022  

Macau modifies satellite owner plan, rev share ban stays

Macau modifies satellite owner plan, rev share ban stays

May 13, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”

DS Kim, Amanda Cheng and Livy Lyu

Analysts at brokerage JP Morgan Securities (Asia Pacific)



Most Popular

  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
  • Macau modifies satellite owner plan, rev share ban staysMacau modifies satellite owner plan, rev share ban stays May 13, 2022
  • China bars 90,000 from travel in cross-border bet actionChina bars 90,000 from travel in cross-border bet action May 13, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us