Macau’s table cap: Does it matter anymore?

Will the new supply coming to the Cotai resort district set Macau back on the road to growth and if it does will operators be allocated enough tables to make the new multi-billion dollar resorts profitable? They are billion-dollar questions with no ready answer as operators and investors adjust to an adverse political climate in China and the chilly “new normal” this has imposed on the world’s largest casino market. March will mark an unprecedented 10th straight month that total gaming revenue has fallen compared to last year. And with no letup in sight from the squeeze of a wide-ranging Communist Party crackdown on corruption, money laundering and lavish spending, it’s anybody’s guess when—or indeed if—the industry’s core market of high-rolling mainlanders will ever return in significant numbers. March gambling revenue dropped 39 percent to 21.5 billion patacas ($2.7 billion), roughly in line with what analysts had expected and adding to steep...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.