• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Mass market in Macau could be stabilising: Nomura

Sep 14, 2015 Newsdesk Latest News, Macau, Top of the deck  


Mass market in Macau could be stabilising: Nomura

Mass gaming revenues in Macau have shown “increasing signs of stabilisation”, said a note on Monday from Japanese brokerage Nomura.

“Mass table minimum bets (proxy to underlying mass demand) have shown signs of recovery with our industry data suggesting average mass table minimum up 7 percent month-on-month in August 2015, ending 12 months of sequential decline,” wrote Nomura.

Wells Fargo Securities LLC said in a note on Friday that the macroeconomic picture for China as a whole could soon have some other elements for Macau investors to consider.

“The Chinese government announced a major stimulus package, which could be larger than the 2012 stimulus, and [is] a key issue for the outlook,” wrote the institution’s analyst Cameron McKnight.

“First September revenue checks were positive, but feedback this week was muted,” added the analyst, referring to unofficial gross gaming revenue numbers for Macau.

But he also noted a likely month-on-month decline in Macau hotel room rates in September.

“Our Macau room survey points to a 19 percent month-on-month decline in September room rates, suggesting mass [gaming] volumes could soften this month,” said the Wells Fargo analyst.

At least four investor notes issued since Friday also mention that Macau’s VIP sector continues to face challenges. Some of the notes comment on updated reports about an alleged theft of up to HKD2 billion (US$258 million) from Macau junket operator Dore Entertainment Co Ltd.


  • tweet
Related articles
  • Malaysia casino rebound amid local play: Nomura
    Malaysia casino rebound amid local...

    Jan 05, 2021  

  • Japan tax plans show Suga govt still pushing IRs: Nomura
    Japan tax plans show Suga govt still...

    Dec 16, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Guangdong govt advises public to stay in province for CNYGuangdong govt advises public to stay in province for CNY January 11, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us