• 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 mass GGR in 2014 could grow 34 pct: Credit Suisse

Jul 03, 2014 Newsdesk Latest News, Macau, Top of the deck  


Macau mass GGR in 2014 could grow 34 pct: Credit Suisse

Analysts at Credit Suisse say mass-market gross gaming revenue (GGR) in Macau might grow by 34 percent this year and 27 percent in 2015. The bank believes Macau has bottomed in June and it is “time to accumulate” since investor expectation is low.

“We expect the Macau gaming sector to rerate from here into the next six months of 2014,” Credit Suisse analysts Kenneth Fong and Isis Wong wrote in a report.

Shares of Macau’s six casino operators rose in Hong Kong trading on Wednesday, as GGR is expected to rebound from its first drop in five years.

Macau’s casino GGR dropped 3.7 percent to MOP27.22 billion (US$3.41 billion) in June, the first decline since June 2009 when it fell 17.1 percent, according to official data.

Analysts have said growth in the VIP segment is lagging the mass market this year. “We believe that the VIP segment likely tracked down about 20 percent year-on-year in June,” Union Gaming Research Macau Ltd wrote in a note this week.

Macau’s VIP baccarat accounted for 63.7 percent of total GGR in the first quarter of 2014, down from 66 percent in 2013.

According to Credit Suisse, MGM China Holdings Ltd will be the least affected by a VIP gaming slowdown.

“In Macau, MGM is focused on driving mass visitors to its Macau asset and positioning for the same in Cotai, which we also believe helps to insulate the company from VIP related headline risk,” said the Credit Suisse.

Credit Suisse also favours Las Vegas Sands Corp, the parent company of Macau-based Sands China Ltd.

“Las Vegas Sands remains the premier way to play not just the long-term growth of Macau (core assets + The Parisian) and Singapore (MBS) but broader Asia given our view that the company is well positioned should Japan legalise gaming,” it said.


  • tweet
Related articles
  • Mainland tour groups to Macau to resume Feb 6: govt
    Mainland tour groups to Macau to resume...

    Feb 03, 2023  

  • LVS amends US$1.5bln loan facility, dividends restricted
    LVS amends US$1.5bln loan facility,...

    Feb 01, 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
  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 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