• 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 tourism has lower value gaming clients: brokerage

Apr 27, 2021 Newsdesk Latest News, Macau, Top of the deck  


Macau tourism has lower value gaming clients: brokerage

Macau’s April casino gross gaming revenue (GGR) has been “steady” even as visitor volume has risen, indicating that the recovery of the Macau tourism sector has involved a “low-value customer” segment in gaming terms, says a Monday note from brokerage Sanford C. Bernstein Ltd.

Referring to the coming five-day break in China encompassing May 1, the institution said it would be “an important test” for visitor volume outlook and GGR.

“The key question will be average spend as it is possible that high rollers may stay away from Macau during the holiday period,” stated analysts Vitaly Umansky, Kelsey Zhu and Louis Li.

The brokerage estimated that based on the current daily run rate for GGR, the April tally was likely to be 4 percent up on March – when it reached just under MOP8.31 billion (US$1.04 billion). April’s figure would be approximately 64 percent down on April 2019, the most meaningful pre-pandemic comparison point, said the institution.

Sanford Bernstein said that month-to-date – up to Sunday – Macau’s average daily rate of GGR was approximately MOP284 million.

“Without Individual Visit Scheme or group visa issuance changes, the opening of Hong Kong, and loosening of Covid[-19] testing requirements for entry,” Macau GGR and visitor volume would “remain below normal levels and GGR recovery will face headwinds”.

The analysts added: “We expect a more robust GGR uplift to begin this summer as travel impediments are removed and visitation increases.”


  • tweet
Related articles
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Genting Macau win unlikely, poss ally to incumbent: broker
    Genting Macau win unlikely, poss ally...

    Sep 19, 2022  

More news
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling...

    May 31, 2023  

  • Thailand still a watch and wait: LVS chairman
    Thailand still a watch and wait: LVS...

    May 31, 2023  


Latest News

iGaming growing in Asia, ops tackling challenges: Uplatform

iGaming growing in Asia, ops tackling challenges: Uplatform

May 31, 2023  

The iGaming segment in Asia “has grown rapidly” since the onset of the Covid-19 pandemic in early 2020, says Rakhi Jaimini (pictured), sales manager at sports betting and online casino operating...
Read More
Thailand still a watch and wait: LVS chairman

Thailand still a watch and wait: LVS chairman

May 31, 2023  

Bloomberry new court win in Bangladesh Bank heist case

Bloomberry new court win in Bangladesh Bank heist case

May 31, 2023  

‘See before you play’ slot marketing tool, say tech suppliers

‘See before you play’ slot marketing tool, say tech...

May 31, 2023  

Macau stocks tied to China outlook: Bloomberg analyst

Macau stocks tied to China outlook: Bloomberg analyst

May 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Macau casino] operators may want to remain prudent in not appearing to reward shareholders too early”

DS Kim

Head of Asia gaming and leisure research at JP Morgan Securities (Asia Pacific)



Most Popular

  • Dividend restart still far for Macau ops: JP MorganDividend restart still far for Macau ops: JP Morgan May 30, 2023
  • We’ll be in Singapore for many years: LVS chairmanWe’ll be in Singapore for many years: LVS chairman May 30, 2023
  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us