Macau GGR tumbles 86 in August

first_img JW Marriott at Galaxy Macau named venue and Galaxy Entertainment Group named Venue Sponsor for 2019 Asian Gaming Power 50 Black Tie Gala Dinner Big trouble in little China Strong VIP growth sees Okada Manila GGR climb 72% in August RelatedPosts Load More Macau’s gross gaming revenue fell 8.6% year-on-year in August to MOP$24.26 billion – the second lowest amount for the year after June’s MOP$23.81 billion.The decline, which saw GGR miss estimates by some margin, comes in the wake of numerous headwinds for the industry, including negativity surrounding VIP as a result of recent Chinese media reports, the ongoing US-China trade war and transport disruptions owing to the Hong Kong protests. According to JP Morgan’s DS Kim and Jeremy An, VIP GGR likely declined by 26% to 28% for the month with mass up by around 7%, although “the mass segment came as a bigger disappointment as our mid-month checks and Macau trips suggested no sign of mass slowdown.”IAG understands rolling chip volume for Macau’s top four junkets has declined by around 30% year-on-year.August’s results mean that Macau’s GGR for the first eight months of 2019 is now down 1.9% to MOP$198.22 billion.Early estimates have September revenue enjoying a slight 1% to 2% year-on-year improvement.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *