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Macau records 14th straight rise in monthly gross gaming revenues

Despite still recovering from the impact of the previous month’s Typhoon Hato and the comparably weaker tropical storm Pakhar, the over 30 casinos in Macau reportedly saw their aggregated gross gaming revenues for September rise by some 16.1% year-on-year to reach approximately $2.65 billion.

According to a report from GGRAsia citing official figures from the former Portuguese enclave’s Gaming Inspection and Coordination Bureau regulator, September marked the 14th consecutive month Macau has recorded an increase in aggregated gross gaming revenues while the $8.32 billion posted for the entire third-quarter represented a swell of 21.8%.

A Sunday note from Deutsche Bank Securities Incorporated analysts Carlo Santarelli and Danny Valoy reportedly explained that third-quarter VIP aggregated gross gaming revenues in Macau rose by about 38% year-on-year versus 35% for the previous three-month period. This was purportedly joined by a 6% boost from mass-market gaming table and slot activities although this figure represented a decline on the preceding quarter’s improvement of 9%.

GGRAsia reported that the September figure means that Macau has so far recorded aggregated gross gaming revenues for 2017 of nearly $24.03 billion, which corresponds to an advance of 18.8% year-on-year.

For the entirety of the fourth quarter, Santarelli and Valoy reportedly explained that they believe Macau is set to record around a 17% increase year-on-year in aggregated gross gaming revenues, which would represent ‘approximately 5% sequential quarterly growth’.

Macau records 14th straight rise in monthly gross gaming revenues was last modified: October 3rd, 2017 by Adam Morgan


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