• 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 nearly 26pct in June: govt

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


Macau casino GGR up nearly 26pct in June: govt

Casino gross gaming revenue (GGR) in Macau rose by 25.9 percent year-on-year in June, to MOP19.99 billion (US$2.49 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Saturday.

It was the 11th consecutive month of GGR growth in the market, and the biggest increase in year-on-year terms since February 2014. June’s GGR tally was down 12.1 percent month-on-month.

Several investment analysts had forecast year-on-year growth for June of above 30 percent.

Brokerage Union Gaming Securities Asia Ltd said in a note on Saturday that the monthly tally missed “elevated consensus on late June slowdown”.

“We would attribute the delta primarily to People’s Republic of China President Xi Jinping’s visit to Hong Kong that is currently underway. We note that Hong Kong has been in a state of virtual lockdown over the last several days and this likely had the effect of curtailing high-end visitation to Macau during this period,” said analyst Grant Govertsen.

Macau market’s GGR tally for the first half of 2017 stood at MOP126.38 billion, up 17.2 percent from the prior-year period, according to the official data.

In Saturday’s note, Union Gaming said it believes that the rate of VIP growth “eclipsed that of mass market during second quarter 2017 (+24 percent VIP versus +20 percent mass)”.

Figures regarding the market revenue split between VIP and mass-market gambling during the quarter to June 30 are due to be issued on a different day.

Second quarter GGR was up 21.9 percent year-on-year, a result that “outpaces the Macau market GGR forecasts,” said Deutsche Bank Securities Inc.

“As has been the case historically, second quarter 2017 GGR of [about] US$7.87 billion was modestly below first quarter 2017 GGR of [about] US$7.94 billion,” said analysts Carlo Santarelli and Danny Valoy in a note on Saturday. “The [circa] 1-percent sequential decline, however, was considerably better than the average [circa] 10-percent sequential quarterly decline over the past three years,” they added.

Investment analysts have suggested that recent year-on-year growth in Macau casino GGR had been driven by the typically credit-based VIP gambling segment. But several brokerages covering Macau’s gaming industry indicated that recent macroeconomic indicators in mainland China could herald a slowing of growth in Macau VIP gambling.

(Updated at 2.15pm, July 1)


  • tweet
Related articles
  • Macau casino Covid tests from Fri, ops pay for staff tests
    Macau casino Covid tests from Fri, ops...

    Jun 28, 2022  

  • Covid-19 test certificate to enter Macau casinos
    Covid-19 test certificate to enter...

    Jun 27, 2022  

More news
  • Macau u-turn on nucleic acid test per 48 hrs for casino staff
    Macau u-turn on nucleic acid test per...

    Jun 30, 2022  

  • Universal hopes Okada Manila biz listed before Sept 30
    Universal hopes Okada Manila biz listed...

    Jun 30, 2022  


Latest News

Macau u-turn on nucleic acid test per 48 hrs for casino staff

Macau u-turn on nucleic acid test per 48 hrs for casino staff

Jun 30, 2022  

The Macau government announced on Thursday the cancellation of a plan for a nucleic acid test requirement every 48 hours for casino workers as a condition of their entry into the workplace, a...
Read More
Universal hopes Okada Manila biz listed before Sept 30

Universal hopes Okada Manila biz listed before Sept 30

Jun 30, 2022  

5-casino Thai market ok says National Assembly committee

5-casino Thai market ok says National Assembly committee

Jun 30, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"During our six years in office, we were able to record more than PHP300 billion [in revenue]"

Andrea Domingo

Chairman of the Philippines’ gaming regulator Pagcor



Most Popular

  • Macau casino Covid tests from Fri, ops pay for staff testsMacau casino Covid tests from Fri, ops pay for staff tests June 28, 2022
  • China quarantine easing good signal for Macau: analystsChina quarantine easing good signal for Macau: analysts June 29, 2022
  • LVS full recovery may take until 2024: Moody’sLVS full recovery may take until 2024: Moody’s June 29, 2022
  • SJM to make 2nd of pledged staff subsidy payments for 2022SJM to make 2nd of pledged staff subsidy payments for 2022 June 27, 2022
  • Only 2 Macau satellites closed as concessions extendedOnly 2 Macau satellites closed as concessions extended June 29, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us