• 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 GGR drops 3.6 pct year-on-year in July

Aug 01, 2014 Newsdesk Latest News, Macau, Top of the deck  


Macau’s GGR drops 3.6 pct year-on-year in July

Macau’s casino gross gaming revenue (GGR) for July fell by 3.6 percent year-on-year to MOP28.4 billion (US$3.56 billion), the city’s Gaming Inspection and Coordination Bureau said on Friday.

It was the first time in more than five years that monthly casino GGR fell in year-on-year terms for two consecutive months. Monthly GGR was down 3.7 percent in June from a year earlier.

The last time monthly GGR declined for consecutive months was between December 2008 and June 2009, shortly after the financial crisis erupted in the U.S., according to data from Macau’s Statistics and Census Service.

Analysts said that the 2014 FIFA World Cup had an impact on GGR in Macau, as gamblers turned their attention and wagers to the international football tournament. The month-long tournament ended on July 13.

The average daily revenue was seen improving in the later part of July, supported by an increase in VIP play, pointed out several analysts.

Macau’s accumulated total casino gaming revenue for the year to July 31 is MOP221.5 billion, a year-on-year growth of 10.2 percent, said the city’s gaming regulator on Friday.

Analysts at Credit Suisse said in early July mass-market GGR in Macau might grow by 34 percent this year and 27 percent in 2015. The bank believes Macau’s gaming industry has bottomed in June.

VIP baccarat in the first half of 2014 accounted for 62 percent of all casino GGR in Macau. Revenue from VIP play was up 3.3 percent year-on-year to MOP119.7 billion in the first six months of the year, according to official data released earlier this month. In contrast, mass-market revenue was up 32 percent year-on-year in the same period.

The “weakness” in the more volatile VIP segment led Fitch Ratings Inc last month to revise downward its 2014 Macau GGR growth estimate to 10 percent. Deutsche Bank has also reduced its third quarter and full-year estimates for Macau.


  • tweet
Related articles
  • Vietnam’s Hoiana says has several partners to bring biz
    Vietnam’s Hoiana says has several...

    Mar 22, 2023  

  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us