• 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 GGR y-o-y growth to slow in July: analysts

Jul 23, 2019 Newsdesk Latest News, Macau, Top of the deck  


Macau GGR y-o-y growth to slow in July: analysts

Two brokerages are anticipating year-on-year growth in Macau’s casino gross gaming revenue (GGR) will slow down in July compared to the 5.9-percent year-on-year rate recorded in the previous month.

Brokerage Sanford C. Bernstein Ltd suggested in a Monday note that Macau’s July casino GGR year-on-year growth could range between 0 percent and 2 percent. Citing its own channel checks, the brokerage also estimated an average daily rate of about MOP809 million (US$100.6 million) for the first 21 days of July.

“VIP volume is estimated to be down mid-single digits month-on-month with hold rate towards the lower end of the normalised range,” said the Sanford Bernstein team. “Mass GGR is estimated to be up mid-single digits of percentage point month-on-month.”

Casino GGR in Macau rose by 5.9 percent year-on-year in June, to just above MOP23.81 billion, according to data from the city’s regulator, the Gaming Inspection and Coordination Bureau. June’s tally marked the second straight month of growth in the Macau market and the third time this year that the city’s casino industry reported monthly growth in terms of GGR.

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 Nomura said in a Monday memo it was expecting a 0 percent to 5 percent year-on-year GGR growth in July in Macau.

“While the midpoint of our estimated range suggests a slight deceleration versus June’s 5.9-percent number, it still implies roughly 250 basis points of acceleration versus approximately 0 percent growth year-to-date,” the Nomura analysts stated.

They added: “We expect improved growth for the balance of the year, given easier one-year growth comparisons in September to November.”

In its Monday note, Nomura also commented on the case involving reports by Chinese state-backed media which alleged that Macau junket investor Suncity Group had been involved in operating an online gaming platform for play outside Macau. Suncity Group has publicly denied the online gaming allegations, adding that even if certain “products” were “legally allowed to operate in other countries and regions, the company will not adopt them if the laws of Macau do not allow it”.

The Nomura team stated in its note “recent checks from our Macau consultant suggest ‘proxy betting’ allegations against Suncity have resulted in market share shifts among junkets, and some junket operators have been withdrawing capital.”


  • tweet
Related articles
  • Macau ops track early recovery after Jan GGR: analysts
    Macau ops track early recovery after...

    Feb 01, 2023  

  • Okada Manila 4Q gaming revenue up 50pct y-o-y
    Okada Manila 4Q gaming revenue up 50pct...

    Jan 30, 2023  

More news
  • Return of tours good for mass floor traffic: observers
    Return of tours good for mass floor...

    Feb 03, 2023  

  • S.Korea casino op GKL’s January sales up 230pct y-o-y
    S.Korea casino op GKL’s January...

    Feb 03, 2023  


Latest News

Return of tours good for mass floor traffic: observers

Return of tours good for mass floor traffic: observers

Feb 03, 2023  

The imminent return of package tours from mainland China will not only help boost Macau’s tourism businesses, but is also expected to help casinos gain more foot traffic in their mass gaming...
Read More
S.Korea casino op GKL’s January sales up 230pct y-o-y

S.Korea casino op GKL’s January sales up 230pct y-o-y

Feb 03, 2023  

Aristocrat completes acquisition of Roxor Gaming

Aristocrat completes acquisition of Roxor Gaming

Feb 03, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We are confident that the Philippine gaming sector will be able to fully recover, or even surpass its pre-pandemic earnings soon”

Alejandro Tengco

Chairman and chief executive of Pagcor



Most Popular

  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Mainland tour groups to Macau to resume Feb 6: govtMainland tour groups to Macau to resume Feb 6: govt February 3, 2023
  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Aruze Gaming America opts financial rejig after legal matterAruze Gaming America opts financial rejig after legal matter February 2, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us