• 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 govt maintains GGR forecast for 2016: Secretary

Jun 08, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau govt maintains GGR forecast for 2016: Secretary

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac (pictured), said on Wednesday that the government is maintaining its forecast for the city’s casino gross gaming revenue (GGR) at MOP200 billion (US$25 billion) for 2016. Mr Leong said the decline in GGR in the first five months of the year was “within the government’s expectations”.

Accumulated casino GGR in the five months to May 31 totalled MOP91.91 billion, down 11.9 percent from the prior-year period, showed the latest data from Macau’s casino regulator, the Gaming Inspection and Coordination Bureau. Casino revenue declined by 9.6 percent year-on-year in May, marking 24 consecutive months of declines when measured in year-on-year terms.

Speaking to reporters on the sidelines of an event on Wednesday, Mr Leong noted that the rate of decline of casino GGR has been narrowing as the year progresses.

The official additionally said that June is usually a softer month in terms of GGR compared to May. He did not provide a forecast for the month of June.

Casino GGR for June is currently tracking at a year-on-year decline of between 2 percent and 9 percent, suggested two brokerages on Monday.

The Macau government in November forecast GGR to come in at MOP200 billion in 2016, an average of MOP16.6 billion per month. That would represent a decline of 13.4 percent compared to the MOP230.84 billion in casino GGR recorded for the whole of 2015.


  • tweet
Related articles
  • Macau casino ops supportive of staff, as promised: Lei
    Macau casino ops supportive of staff,...

    Dec 02, 2020  

  • Legislators want talks with Macau govt on casino concessions
    Legislators want talks with Macau govt...

    Oct 23, 2020  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Galaxy Macau Phase 3 MICE to launch in stages says execGalaxy Macau Phase 3 MICE to launch in stages says exec February 24, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us