Scientific Game

Macau GGR up 5.7% in February as expected slowdown confirmed

Thursday, 01 March 2018 16:57
Visit us

Gross gaming revenue (GGR) in Macau grew 5.7% year-on-year to MOP$24.3 billion (US$3.01 billion) in February 2018, data released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) showed.

Accumulated gross revenue increased 19.7% year-on-year in February to MOP$50.5 billion.

The Chinese New Year holiday impacted negatively on February GGR, in contrast with a very strong January that recorded a 36.4% increase year-on-year.

A Thursday note by boutique investment bank Union Gaming forecast an increase in GGR of around 18% for the first quarter of 2018, with a recovery noticeable in the second week of March and “a strong trajectory going forward.”

It also highlighted that the annual results recently released by the six major operators in Macau confirm “the strength in mass market as first reported by the DICJ in January.”

"The 4Q17 data as reported by the operators confirmed that mass/slots accounted for 52% of total GGR in the market," said Union Gaming analyst Grant Govertsen. "In fact, mass/slots accounted for a majority of GGR in every quarter of 2017 and has also accounted for a majority of GGR for 10 consecutive quarters. That mass market maintains remains robust bodes well for the gaming equities, particularly those that straddle both mass market and resurgent VIP."

Brokerage Bernstein said the combined figures of January and February matched its forecast and estimated growth of between 12% and 15% for March 2018.



What's new

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Friday, 22 June 2018 07:06

Melco hosts workshop on Occupational Safety and Health Management for SMEs

Melco hosts workshop on Occupational Safety and Health Management for SMEs Melco Resorts & Entertainment Limited has conducted a workshop in which it shared with local SMEs the latest trends in Occupational Safety & Health Management Certification and Melco’s experience and expertise in the matter. The workshop attracted SME representatives from various industr... Friday, 22 June 2018 06:55

SJM grants Ina Chan 3 million ordinary shares

SJM grants Ina Chan 3 million ordinary shares Ina Chan, a newly appointed executive director at SJM Holdings and third wife of former Chairman Stanley Ho, has been granted share options totaling 3 million ordinary shares, the company has announced. The shares have an exercise price of HK$10.26 per share. Dr Chan was voted to the board at SJM... Friday, 22 June 2018 06:51

Korea’s foreigner-only casino turnover down 5.4% in 2017

Korea’s foreigner-only casino turnover down 5.4% in 2017 Korea’s foreigner-only casinos saw turnover fall 5.4% to KRW1.2 trillion (US$1.1 billion) in 2017 according to figures released this week by the National Gambling Control Commission (NGCC). The fall in casino gaming activity was linked to a similar 6.2% decline in casino visitation to 2.2 million... Friday, 22 June 2018 06:35

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27