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.
May 27, 2019United States-based supplier of gaming equipment Scientific Games Corp has become a founding member of a not-for-profit initiative to promote “diversity and inclusion” across the gaming...
May 27, 2019
May 27, 2019
"We made that decision… to move away at this point in time from a permanent resident show, to a… variety of shows"
Chief executive of Macau casino operator MGM China