• 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
  • Macau ops share junket deposit liability: Macau top court
    Macau ops share junket deposit...

    May 16, 2022  

  • Macau repeat visitors denied visa by China says Bernstein
    Macau repeat visitors denied visa by...

    May 16, 2022  

More news
  • Macau satellite profit model still in doubt: industry
    Macau satellite profit model still in...

    May 16, 2022  

  • Moody’s downgrades SJM debt on slow Macau recovery
    Moody’s downgrades SJM debt on slow...

    May 16, 2022  


Latest News

Macau ops share junket deposit liability: Macau top court

Macau ops share junket deposit liability: Macau top court

May 16, 2022  

Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...
Read More
Macau repeat visitors denied visa by China says Bernstein

Macau repeat visitors denied visa by China says Bernstein

May 16, 2022  

Macau satellite profit model still in doubt: industry

Macau satellite profit model still in doubt: industry

May 16, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”

DS Kim, Amanda Cheng and Livy Lyu

Analysts at brokerage JP Morgan Securities (Asia Pacific)



Most Popular

  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
  • Macau modifies satellite owner plan, rev share ban staysMacau modifies satellite owner plan, rev share ban stays May 13, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • China bars 90,000 from travel in cross-border bet actionChina bars 90,000 from travel in cross-border bet action May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us