Dec 28, 2016 Newsdesk Latest News, Macau, Top of the deck  
Macau casino gross gaming revenue (GGR) for December is currently tracking at a year-on-year increase of between 4 percent and 6 percent, suggest two brokerages. If the final monthly tally confirms that prediction, it would mean five consecutive months of year-on-year GGR growth for the city’s casino industry.
“According to our industry sources, based on gaming play for the first 26 days of December, GGR in Macau for the month is estimated to be tracking at just under +5 percent year-on-year, a deceleration from last week’s +10 percent estimate,” said Telsey Advisory Group LLC in a note on Tuesday.
“This assumes an electronic game estimate for December, which puts monthly GGR at HKD18.6 billion [US$2.4 billion],” added analysts David Katz and Brian Davis.
Christopher Jones of the Buckingham Research Group Inc noted that for the eight days ended December 26, average daily revenue stood at HKD570 million, amounting to an aggregate of HKD14.8 billion month-to-date, which reflects “a slight slowdown from the prior week level of HKD600 million”.
“We would attribute the week-to-week moderation to seasonality and the addition of an extra weekday versus last week,” said Mr Jones in a note on Tuesday.
He added: “Looking forward, we are maintaining our 4 percent to 6 percent GGR growth outlook for December, with an expectation of a strong finish to the month, going into western New Years.”
Buckingham Research’s Mr Jones said the institution was maintaining its fourth quarter 2016 GGR outlook, “which assumes a 9 percent increase for the quarter, with expectations for mass market GGR to increase in the 11 percent to 12 percent range and for VIP to be flat to -1 percent”. The brokerage noted that its VIP and mass market estimates were presented as reported by Macau’s casino operators.
Jun 08, 2023
Jun 07, 2023
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT