• 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’s April GGR beat gets mixed reception

May 02, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau’s April GGR beat gets mixed reception

The year-on-year decline in Macau’s April casino gross gaming revenue (GGR) was narrower than a number of investment analysts had expected. But the disparity was more likely to be due to the difficulty financial institutions face in getting accurate advanced data on the Macau market than because of any outperformance by the market last month, said several analysts.

“Final April results were fairly wide versus the most recent Street channel-checked GGR trends and consensus estimates. This is partly a result of less in-month GGR trend transparency allowed by the new DICJ chief (sworn in December 2015),” said David Bain of brokerage Sterne Agee CRT in a note on Sunday. He was referring to Paulo Martins Chan, the director of the local regulator, the Gaming Inspection and Coordination Bureau, a body also known by its Portuguese acronym DICJ.

Official data released by the Macau government on Sunday showed casino GGR in the city declined by 9.5 percent year-on-year in April, versus the 10 percent plus decline expected by a number of investment analysts that had made estimates based on unofficial industry returns for that month.

Carlo Santarelli and Danny Valoy of Deutsche Bank Securities Inc said in a note on Sunday: “We believe the headline decline of 9.5 percent in April is likely to be interpreted as better than recent expectations, though likely reinforces investor views around weekly checks becoming less reliable.”

Grant Govertsen of Union Gaming Securities Asia Ltd stated in a Sunday note the fact April casino revenue was flat judged month-on-month was “typically” seasonal and linked with a slowdown in the market generally seen after Chinese New Year.

“April 2016 actually notably outperformed what we’ve seen on a sequential basis the last three years (2013-2015 April GGR/day was 8 percent lower than [that of] March). Put together, the stability story is clearly intact and we are expecting nice sequential growth in May and are already seeing signs of this,” said Mr Govertsen.

The Union Gaming analyst added that what he termed a “glitch” on Saturday in computer technology used in the automated clearance system at Macau’s border checkpoints was unlikely to have had much negative impact on April casino GGR. In some border checkpoints, the glitch led to delays of several hours for travellers, according to local media reports.

“Thankfully, this only had a very marginal impact on April 30 GGR as the problem happened in the evening, which is peak ‘return to China’ time,” said Mr Govertsen.

In other developments, brokerage CLSA Ltd said in a report on Friday that it was downgrading the Macau gaming sector stocks that it covered.

“Macau stocks have outperformed the market considerably in the past three months, increasing by 35 percent versus the market at 15 percent,” wrote analysts Aaron Fischer and Marcus Liu.

“We expect data points to remain lacklustre in the coming months before the opening of Wynn Palace in August. We trim our GGR estimates slightly to account for greater cannibalisation of existing properties,” they added.


  • tweet
Related articles
  • Four Macau ops share gainers in 4Q, Sands leader: DB
    Four Macau ops share gainers in 4Q,...

    Mar 09, 2023  

  • Deutsche Bank ups Macau 2023 GGR forecast after Feb data
    Deutsche Bank ups Macau 2023 GGR...

    Mar 02, 2023  

More news
  • Lam Yi Young resigns as deputy CEO Resorts World Sentosa
    Lam Yi Young resigns as deputy CEO...

    Jun 02, 2023  

  • China stimulus package could benefit Macau stocks: CBRE
    China stimulus package could benefit...

    Jun 02, 2023  


Latest News

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

Lam Yi Young resigns as deputy CEO Resorts World Sentosa

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...
Read More
China stimulus package could benefit Macau stocks: CBRE

China stimulus package could benefit Macau stocks: CBRE

Jun 02, 2023  

G2E Asia 2023: Singapore

  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$8.1 billion

Macau’s casino gross gaming revenue in the five months to May 31



Most Popular

  • MBS en route to US$500mln quarterly EBITDA: LVS bossMBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023
  • Lam Yi Young resigns as deputy CEO Resorts World SentosaLam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023
  • Macau May GGR tops US$1.9bln, up 6pct from Apr: govtMacau May GGR tops US$1.9bln, up 6pct from Apr: govt June 1, 2023

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