• 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

SJM, MPEL bosses flag positive 2017 Macau GGR trend

Mar 06, 2017 Newsdesk Latest News, Macau, Top of the deck  


SJM, MPEL bosses flag positive 2017 Macau GGR trend

The respective bosses of Macau casino operators SJM Holdings Ltd and Melco Crown Entertainment Ltd expect the city’s gaming sector to see positive growth in casino gross gaming revenue (GGR) in calendar year 2017.

SJM Holdings’ chief executive, Ambrose So Shu Fai, said overall casino GGR in Macau for full 2017 should increase by about 10 percent year-on-year. Mr So told reporters that the VIP and mass market gaming segments were each likely to contribute to such expansion.

He cautioned, however, that what he referred to as recovery in Macau’s gaming sector would take time.

The chairman and chief executive of Melco Crown, Lawrence Ho Yau Lung, said he expected year-on-year GGR growth in 2017 to range between 5 percent and 9 percent, Chinese-language newspaper Macao Daily News reported. The Nasdaq-listed gaming operator is also known by its stock ticker name MPEL.

The respective comments by Mr So and Mr Ho were made in Beijing over the weekend. The two casino executives are in the Chinese capital attending the annual meeting of the Chinese People’s Political Consultative Conference. Mr So and Mr Ho are Macau delegates to China’s top political advisory body.

Macau’s accumulated casino GGR for full-year 2016 fell 3.3 percent compared to the tally for 2015, according to data released on January 1 by the city’s regulator, the Gaming Inspection and Coordination Bureau. It meant Macau has experienced three consecutive years of annual GGR decline: in 2015, GGR had fallen 34.3 percent; in 2014, it slipped 2.6 percent year-on-year.

Despite 2016’s annual year-on-year GGR contraction – against a significantly diminished base of Macau GGR over the previous two years – the final five months of 2016 registered consecutive year-on-year improvements in the monthly tally of GGR.

Macau’s GGR for January and February 2017 also went up in year-on-year terms, by respectively 3.1 percent and 17.8 percent.

In a February report, Japanese brokerage Nomura said it expected the compound annual growth rate of the city’s mass-market table games GGR to be 7 percentage points higher than that for VIP table games in the 2017 to 2019 period, at 9 percent compared to 2 percent for the high roller business.


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

    May 19, 2022  

  • Macau repeat visitors denied visa by China says Bernstein
    Macau repeat visitors denied visa by...

    May 16, 2022  

More news
  • Foreign tourists can get S.Korean peninsula visa from June 1
    Foreign tourists can get S.Korean...

    May 20, 2022  

  • Crown Resorts’ shareholders nod Blackstone bid
    Crown Resorts’ shareholders nod...

    May 20, 2022  


Latest News

Foreign tourists can get S.Korean peninsula visa from June 1

Foreign tourists can get S.Korean peninsula visa from June 1

May 20, 2022  

South Korea on Thursday said it would from June 1 resume issuing short-term tourism visas for trips to the country’s mainland, for individual visitors and groups of tourists. Permits for...
Read More
Crown Resorts’ shareholders nod Blackstone bid

Crown Resorts’ shareholders nod Blackstone bid

May 20, 2022  

JP Morgan ups Aristocrat profit forecast 8pct for FY2022

JP Morgan ups Aristocrat profit forecast 8pct for FY2022

May 20, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”[Revenue at Okada Manila] will be around 80 percent of the pre-pandemic level in 2022 before recovering almost fully in 2023"

Satoru Aoyama, Akash Gupta and Kalai Pillay

Analysts at credit rating agency Fitch



Most Popular

  • Foreign tourists can get S.Korean peninsula visa from June 1Foreign tourists can get S.Korean peninsula visa from June 1 May 20, 2022
  • Crown Resorts’ shareholders nod Blackstone bidCrown Resorts’ shareholders nod Blackstone bid May 20, 2022
  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us