• 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

Nomura sees the happiest of holidays for Macau’s casinos

Feb 12, 2019 Newsdesk Latest News, Macau, Top of the deck  


Nomura sees the happiest of holidays for Macau’s casinos

Japanese brokerage Nomura estimates that casinos in Macau collected gross gaming revenue (GGR) at the rate of about MOP840 million (US$103.92 million) a day in the first 10 days of this month, which included the Chinese New Year holiday period.

The stockbroking arm of the Nomura banking group issued a note on Monday saying the rate of GGR was about 10 percent higher than in the equivalent period last year. The note says growth in average daily GGR in the mass market for casino gaming in Macau was about 2 percent or 3 percent higher than the average in January, the hold percentage in the VIP market was about 3.1 percent or 3.2 percent higher, and volume growth in the VIP market was about 10 percent higher than the average last month.

Nomura now forecasts that Macau casino GGR this month will average about MOP1 billion per day, 10 percent to 15 percent more than a year ago.

The Macao Government Tourism Office (MGTO) said on Monday that Macau had 1.21 million visitors between February 4 and February 10, or 26.6 percent more than in the equivalent period last year. Never before had Macau absorbed so many visitors during any Chinese New Year holiday period.

The tourism office also posted figures on its website on Tuesday that indicate boosted hotel occupancy rates for the week-long holiday period. Occupancy rates were higher this Chinese New Year period than during the equivalent period last year. The data says the average occupancy rate for hotels and guest houses was 96.7 percent this year, up from 94.5 percent last year.

Another indicator of the trend for casino GGR is traffic at Macau International Airport because high-rolling gamblers are thought to be more likely to fly into Macau than to come by other means of transport.

The airport operator posted a statement on its website on Monday saying the Chinese New Year holiday period this year was its busiest ever. The statement says that between February 5 and February 10 the airport handled more than 180,000 passengers, 18 percent more than in the equivalent period last year and the most in any Chinese New Year holiday period yet.

On February 10, the sixth day of the Chinese New Year, more than 32,100 passengers used the airport, the most in any single day since the airport opened, said its operator.

Sanford C. Bernstein Ltd said in a note also released on Monday that the surge in visitor arrivals during the holiday period had not supported a similar increase in casino GGR. The brokerage says it estimated that Macau’s casino industry would post year-on-year GGR growth of between 2 percent and 5 percent for February.


  • tweet
Related articles
  • Foreign tourists can get S.Korean peninsula visa from June 1
    Foreign tourists can get S.Korean...

    May 20, 2022  

  • Macau gaming tax revenue US$1.3bln for Jan-Apr period
    Macau gaming tax revenue US$1.3bln for...

    May 19, 2022  

More news
  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

  • SJM confident of completing refinancing: Daisy Ho
    SJM confident of completing...

    May 26, 2022  


Latest News

Alvin Chau indicted for illegal gaming, money laundering

Alvin Chau indicted for illegal gaming, money laundering

May 26, 2022  

Macau’s Public Prosecutions Office has indicted Alvin Chau Cheok Wa (pictured in a file photo), former boss of Macau casino junket Suncity Group, with illegal gaming, criminal association, fraud,...
Read More
SJM confident of completing refinancing: Daisy Ho

SJM confident of completing refinancing: Daisy Ho

May 26, 2022  

Casino op Genting Malaysia 1Q revenue up 176pct

Casino op Genting Malaysia 1Q revenue up 176pct

May 26, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


540,430

Visitors arrivals to Singapore in the first four months of 2022



Most Popular

  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Macau op debt to hit US$25bln unless travel eased 2H: MSMacau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022
  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Outbound group tours still paused: China immigrationOutbound group tours still paused: China immigration May 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us