Jul 16, 2018 Newsdesk Latest News, Macau, Top of the deck  
Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 14.4 percent year-on-year in the second quarter of 2018, to MOP41.04 billion (US$5.13 billion), according to data released on Monday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.
It was the slowest quarterly growth rate as measured in year-on-year terms in Macau since the end of 2016. VIP GGR growth in the three months to December 31, 2016 stood at 12.7 percent.
Since the second quarter of 2017 inclusive, the VIP segment in Macau had enjoyed year-on-year quarterly growth rates above 20 percent. The sector reported GGR expansion of 21.0 percent year-on-year in the first quarter of 2018.
The rate of VIP year-on-year growth in the second quarter was slower than the 20.8 percent recorded for GGR in the mass segment – inclusive of slot machine revenue – showed the data issued DICJ.
In the breakdown of second-quarter 2018, VIP baccarat revenue as a proportion of all casino GGR in the period stood at 55.7 percent. In the equivalent quarter a year earlier it had been 57.0 percent.
GGR from VIP baccarat was approximately MOP83.99 billion in the first half of 2018, up 17.7 percent in year-on-year terms.
JP Morgan Securities (Asia Pacific) Ltd predicted in a note issued on Monday that VIP GGR in the second half of the year would see its growth slow to 9 percent year-on-year as the mainland Chinese economy softened. This view of the VIP market segment gels with some research by Japanese brokerage Nomura, which recently halved its year-on-year growth estimate for VIP gross gaming revenue in 2019 to 7 percent from 14 percent.
According to the official data released on Monday, mass-market gambling, including play from slot machines, was MOP32.67 billion in the three months to June 30. GGR from slot machines was approximately MOP3.81 billion in the second quarter of 2018, up 23.6 percent in year-on-year terms.
Revenue from live multi game products – those featuring table-style games with live dealers but electronic betting and electronic bet settlement – was MOP661 million for the second quarter 2018, an increase of nearly 7.7 percent on the MOP614 million recorded in second-quarter 2017.
Macau’s accumulated casino GGR for the three months ended June 30 grew by 17.2 percent compared to the tally for 2017, to MOP73.71 billion, according to data released by the gaming regulator on July 1. Gaming revenue for the first six months of 2018 stood at MOP150.22 billion, compared to MOP126.38 billion in the prior year period.
The number of live-dealer gaming tables in the Macau market stood at 6,588 in the second quarter this year, up by two units from the previous quarter.
The number of slot machines in the Macau market stood at 17,296 in the second quarter, up 0.5 percent from the 17,205 recorded as of March 31.
Jun 01, 2023
Apr 21, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31