Macau’s casino gross gaming revenue (GGR) may continue dropping in July, Bank of America Merrill Lynch warns.
Bank of America issued a note earlier this week saying it forecasts July revenue in Macau to come in around MOP26.3 billion (US$3.3 billion) and MOP30.1 billion.
The lower end of the range would mean a drop of 11 percent on year-on-year terms, while the higher end would be equivalent to an increase of 2 percent. Macau’s casinos brought in MOP29.5 billion in July 2013.
Macau’s GGR for June reached MOP27.22 billion, a year-on-year decline of 3.7 percent, the city’s Gaming Inspection and Coordination Bureau said last week. It was the first year-on-year drop in monthly GGR in five years.
Last week, Deutsche Bank analyst Carlo Santarelli said Macau casino revenue is likely to return to modest year-on-year growth of 1.2 percent in July.
Nov 29, 2023Members of Japan’s Liberal Democratic Party (LDP) that sit in the Hokkaido prefectural assembly will launch a working group to study the feasibility of the country’s northernmost prefecture...
”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”
Chief commercial officer of testing and certification firm GLI