• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau casino GGR up about 29pct in July: govt

Aug 01, 2017 Newsdesk Latest News, Macau, Top of the deck  


Macau casino GGR up about 29pct in July: govt

Casino gross gaming revenue (GGR) in Macau rose by 29.2 percent year-on-year in July, to MOP22.96 billion (US$2.85 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Tuesday.

It marked a full year of GGR growth in the market, and the biggest increase in year-on-year terms since February 2014. July’s GGR tally was up 14.9 percent month-on-month.

Several investment analysts had forecast year-on-year growth for July of approximately 30 percent.

“Macau July GGR came in above expectation,” said brokerage Sanford C. Bernstein Ltd in a note on Tuesday.

“Average daily revenue (ADR) for the month was MOP741 million (11 percent above June’s ADR of MOP666 million, 1 percent above May’s ADR of MOP734 million),” said analysts Vitaly Umansky, Zhen Gong and Yang Xie.

Macau market’s GGR tally for the first seven months of 2017 stood at MOP149.34 billion, up 18.9 percent from the prior-year period, according to the official data.


  • tweet
Related articles
  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  

  • Investor urges MGM Resorts to sell 20pct of Macau unit
    Investor urges MGM Resorts to sell...

    Jan 07, 2021  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Malaysia Covid outlook negative to Genting Bhd: Moody’s
    Malaysia Covid outlook negative to...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us