• 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 gaming likely softer pre-Golden Week: Telsey

Sep 19, 2017 Newsdesk Latest News, Macau, Top of the deck  


Macau gaming likely softer pre-Golden Week: Telsey

A slight slowing in late September regarding consumer demand for Macau casino gambling – prior to the expected peak holiday period of October Golden Week – would be likely to contribute to a month-on-month decline in September for the city’s gross gaming revenue (GGR), said a brokerage.

But Telsey Advisory Group LLC added that judged year-on-year, expansion for September GGR was still expected, in the range of 12 percent to 14 percent.

“The pre-Golden Week period is expected to be slower than normal, which suggests that next week should be soft as well before the holiday during the first week of October,” wrote analyst David Katz in a Monday note, referring to a holiday period in China encompassing the country’s National Day on October 1. This year China’s State Council has declared October 1 to 8 as the festive period.

Mr Katz added in his Monday note: “According to our industry sources, the past seven days in Macau generated GGR table win per day of MOP595 million [US$74 million] to MOP605 million, which suggests that the month is running at MOP700 million to MOP710 million. This implies that the month is running up 12 percent to 14 percent [year-on-year] and down 7 percent to 9 percent sequentially.”

Analysts at another institution suggested early-September GGR demand might also have been affected by the aftermath of Typhoon Hato and of Typhoon Pakhar, which respectively struck the city within the space of a few days in late August. The first storm in particular caused damage to local infrastructure and disruption to tourist travel.

“We believe that month to date daily GGR has been impacted by: normal VIP hold percent of approximately 2.8 percent (versus the “normal” range of 2.7 percent to 3 percent); and early-month impact from Typhoons Hato (the strongest storm to hit Macau in 53 years) and Pakhar,” stated Japanese brokerage Nomura in its Monday note.

Telsey and Nomura said year-on-year comparisons in GGR for September were made difficult by factors including the fact that demand in September 2016 was influenced by the opening on August 22 that year of Wynn Palace, a new US$4.4-billion Cotai resort from Wynn Macau Ltd.

Nomura estimated September 2017 GGR growth would be 15 percent year-on-year. Sanford C. Bernstein Ltd analysts Vitaly Umansky and Zhen Gong forecast September GGR expansion would be 10 percent to 12 percent year-on-year.


  • tweet
Related articles
  • Macau gaming demand recovering comfortably: analysts
    Macau gaming demand recovering...

    Apr 20, 2021  

  • Okada Manila 1Q GGR down 41pct amid casino restrictions
    Okada Manila 1Q GGR down 41pct amid...

    Apr 19, 2021  

More news
  • VIP gaming not defined in Japan draft rules: IR Forum
    VIP gaming not defined in Japan draft...

    Apr 21, 2021  

  • GEN Malaysia likely 2021 loss amid pandemic: Maybank
    GEN Malaysia likely 2021 loss amid...

    Apr 21, 2021  


Latest News

VIP gaming not defined in Japan draft rules: IR Forum

VIP gaming not defined in Japan draft rules: IR Forum

Apr 21, 2021  

Japan’s draft regulations for casinos, undergoing public consultation until May 9, still require clarifications in key areas, including the definition of VIP play, says Kentaro Maruta (pictured) of...
Read More
GEN Malaysia likely 2021 loss amid pandemic: Maybank

GEN Malaysia likely 2021 loss amid pandemic: Maybank

Apr 21, 2021  

Macau 1Q gaming suspect transaction reports up 2pct

Macau 1Q gaming suspect transaction reports up 2pct

Apr 21, 2021  

Macau govt, analysts tip May Day bounty at casino resorts

Macau govt, analysts tip May Day bounty at casino resorts

Apr 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are filled with gratitude and excitement as we approach our opening this June and hope to play a role in Las Vegas’s rebound after what has been an incredibly challenging year”

Scott Sibella

President of Resorts World Las Vegas



Most Popular

  • Macau gaming demand recovering comfortably: analystsMacau gaming demand recovering comfortably: analysts April 20, 2021
  • Talks on NagaWorld lay-offs amid pandemic: sourceTalks on NagaWorld lay-offs amid pandemic: source April 19, 2021
  • Macau govt, analysts tip May Day bounty at casino resortsMacau govt, analysts tip May Day bounty at casino resorts April 20, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us