• 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

World Cup could limit Macau GGR growth: Nomura

Jun 05, 2014 Newsdesk Latest News, Macau, Top of the deck  


World Cup could limit Macau GGR growth: Nomura

Nomura warns that the 2014 FIFA World Cup in Brazil “could limit any potential gross gaming revenue (GGR) surprise” in Macau for the months of June and July.

The Japanese brokerage firm said in a note issued on Wednesday it sees “limited upside catalysts” for the city’s gaming industry over the next two months.

The World Cup kicks off on June 12 with the final set for July 13.

In June 2010, Macau’s casino GGR declined by 20 percent from the previous month, a drop that was attributed by several financial analysts to the 2010 World Cup keeping some gamblers away from gaming tables and slot machines. Revenue fell to MOP13.6 billion (US$1.7 billion) in June 2010 from MOP17.1 billion in May. It went up to MOP16.3 billion in July.

Nomura analysts Louise Cheung and Harry Curtis however wrote they “remain bullish on the long-term fundamentals of Macau, in particular mass, given the low penetration of Mainland Chinese visitors, growing wealth in China, improving infrastructure connectivity to Macau and additional hotel supply when the new Cotai properties open”.


  • 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
  • Philippines must up AML to exit FATF grey list says lawmaker
    Philippines must up AML to exit FATF...

    Sep 22, 2023  

  • Londoner Macao’s Harry Potter exhibition to open Dec 15
    Londoner Macao’s Harry Potter...

    Sep 22, 2023  


Latest News

Philippines must up AML to exit FATF grey list says lawmaker

Philippines must up AML to exit FATF grey list says lawmaker

Sep 22, 2023  

The Philippines needs to “exert more diligence” in ensuring “strict enforcement” of anti-money laundering (AML) controls in casino operations, says a national lawmaker. House of...
Read More
Londoner Macao’s Harry Potter exhibition to open Dec 15

Londoner Macao’s Harry Potter exhibition to...

Sep 22, 2023  

Mohegan Inspire 97pct completed, on target for 4Q launch

Mohegan Inspire 97pct completed, on target for 4Q launch

Sep 22, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”This year, so far, we will be starting [revamp] work at Grand Hyatt; then, we are looking at Countdown, and afterwards we will look at Altira and others”

Lawrence Ho

Chairman and chief executive of Melco Resorts



Most Popular

  • 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
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Grand Hyatt MICE revamp before year end: Melco CEOGrand Hyatt MICE revamp before year end: Melco CEO 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
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us