• 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

New Macau casino supply helps tourist arrivals: analyst

Oct 25, 2016 Newsdesk Latest News, Macau, Top of the deck  


New Macau casino supply helps tourist arrivals: analyst

The recent openings of two major casino resorts in Macau’s Cotai district are providing support to tourist visitor arrival numbers to the city, says U.S.-based Buckingham Research Group Inc.

Visitor arrivals to Macau in September totalled 2.4 million, up 0.5 percent in year-on-year terms, show data disclosed on Monday by the city’s Statistics and Census Service. Tourist arrivals from mainland China rose by 0.3 percent year-on-year to almost 1.6 million in September.

“We would attribute the increase in visitation in September to increases in supply from Wynn Palace and Sands’ Parisian,” Buckingham Research analyst Christopher Jones wrote in a Monday note. He was referring respectively to the recently launched US$4.3-billion Cotai property of Wynn Macau Ltd, inaugurated on August 22; and the new US$2.7-billion Cotai offering from Sands China Ltd, opened on September 13.

In the January to September period, visitor arrivals to Macau totalled 22.9 million, up slightly – by 0.1 percent – year-on-year.

The majority of gamblers in Macau’s casinos are tourists. But several investment analysts have said that headline visitor numbers historically are not directly correlated to overall gaming demand, as gross gaming revenue (GGR) in the Macau market has been typically skewed to high-end play. In addition, according to a survey by the IFT Tourism Research Centre (ITRC), only about 26 percent of visitors to Macau admit to having gambled while there.

The recent increase in visitor arrivals nevertheless coincides with a rebound in GGR. Macau’s casino GGR rose 7.4 percent year-on-year in September, to MOP18.40 billion (US$2.30 billion), announced on October 1 the local regulator, the Gaming Inspection and Coordination Bureau.

The result marked only the second time in 28 months that monthly revenue had not contracted, judged year-on-year. The improvement began in August, when monthly casino GGR expanded by 1.1 percent after 26 straight months of decline.

Following the two consecutive months of GGR expansion judged year-on-year, there has been some optimism among operators and investors that the market decline might be over. MGM China Holdings Ltd co-chairperson Pansy Ho Chiu King said earlier this month that Macau’s casino sector was showing signs of stabilisation. She added at the time: “Not only gaming revenue; [but also] the number of visitor arrivals and consumption demand are stabilising.”

Commenting on the September official tourist arrival figures, brokerage Sanford C. Bernstein Ltd noted that Macau welcomed around 863,000 overnight visitors from mainland China in September, compared to fewer than 715,000 day trippers during the same period.

“The trend keeps positive for Macau as usually overnight visitors were considered more valuable to Macau compared with day trippers,” analysts analysts Vitaly Umansky, Zhen Gong and Yang Xie in a Monday note.


  • tweet
Related articles
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseas
    Macau logs 3.2mln visitors in Aug,...

    Sep 20, 2023  

  • No swift resumption of dividends for most Macau ops: GS
    No swift resumption of dividends for...

    Sep 19, 2023  

More news
  • Grand Hyatt MICE revamp before year end: Melco CEO
    Grand Hyatt MICE revamp before year...

    Sep 21, 2023  

  • Melco to help Macau govt revitalise some Inner Harbour piers
    Melco to help Macau govt revitalise...

    Sep 21, 2023  


Latest News

Grand Hyatt MICE revamp before year end: Melco CEO

Grand Hyatt MICE revamp before year end: Melco CEO

Sep 21, 2023  

Lawrence Ho Yau Lung, chairman and chief executive of casino group Melco Resorts & Entertainment Ltd, has confirmed to GGRAsia that before year-end it will start revamp work for the meeting space...
Read More
Melco to help Macau govt revitalise some Inner Harbour piers

Melco to help Macau govt revitalise some Inner Harbour

Sep 21, 2023  

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • LT Game readies new LMG product as Macau recovers: ChunLT Game readies new LMG product as Macau recovers: Chun September 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us