• 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 for second straight month in June

Jul 01, 2019 Newsdesk Latest News, Macau, Top of the deck  


Macau casino GGR up for second straight month in June

Casino gross gaming revenue (GGR) in Macau rose by 5.9 percent year-on-year in June, to just above MOP23.81 billion (US$2.96 billion), according to data released on Monday by the city’s regulator, the Gaming Inspection and Coordination Bureau.

June’s tally marks the second straight month of growth in the Macau market and the third time this year that the city’s casino industry reports monthly growth in terms of GGR.

The latest result meant the Macau market’s GGR tally for the first half of 2019 stood at about MOP149.50 billion, still a year-on-year contraction of 0.5 percent.

Brokerage Sanford C. Bernstein Ltd said in a Monday memo that June casino GGR in Macau “exceeded expectations”.

“Average daily revenue (ADR) for June was MOP794 million (-5 percent versus May). While GGR for the first three weeks of June was weaker due to low hold, GGR picked up in the last week,” wrote analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu.

The Sanford Bernstein team said year-on-year comparisons began to ease in June “as expected, and it should continue as we head into July”. “For July, we estimate GGR growth to range from +2 percent to +4 percent year-on-year (+8 percent to +11 percent month-on-month),” said the brokerage’s analysts.

JP Morgan Securities (Asia Pacific) Ltd said in a Monday note that June’s GGR tally was the “best monthly growth so far this year”. “Average daily revenue was quite solid … considering June is seasonally the weakest month of the year,” stated analyst DS Kim.

JP Morgan said it estimate mass-market GGR in June to be up 18 percent to 20 percent year-on-year, while VIP GGR “fell only” by 8 percent to 9 percent, “both showing marked improvements versus recent and year-to-date trends”.

Mr Kim added: “Though this was partly helped by easy comparisons, underlying trends were certainly encouraging, if not surprisingly robust: VIP demand finally seems to be stabilising … [and] mass GGR and visitations continue to print good double-digit growth.”

(Updated at 4.37pm, July 1)


  • tweet
Related articles
  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  

  • Macau visitor tally up 14pct m-o-m in February
    Macau visitor tally up 14pct m-o-m in...

    Mar 17, 2023  

More news
  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

  • Let’s Win hosts grand opening for club at Hoiana in Vietnam
    Let’s Win hosts grand opening for...

    Mar 20, 2023  


Latest News

Nagasaki says Credit Suisse woes not to impact IR plan

Nagasaki says Credit Suisse woes not to impact IR plan

Mar 20, 2023  

Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
Read More
Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Mar 20, 2023  

Let’s Win hosts grand opening for club at Hoiana in Vietnam

Let’s Win hosts grand opening for club at Hoiana in...

Mar 20, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


1.59 million

Total number of visitor arrivals to Macau in February



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us