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VIP GGR to benefit from room openings: Bernstein

Macau’s overall gross gambling revenue is likely to rise about 3 percent to 4 percent in September after disruptions caused by Typhoon Mangkhut, though VIP revenue in the coming week may get a boost from new room openings, Bernstein Research says.

Jeju Dream Tower progresses as GGR recovers

Construction at Lotte Tour Development's Jeju Dream Tower is making significant progress, while the overall South Korean market is trending higher after a political spat between Beijing and Seoul hit revenue at foreigner-only casinos last year.

July GGR on track for 11-13 percent growth: Bernstein

Macau’s gross gaming revenue is on track for growth of between 11 percent and 13 percent in July, according to analysts at Bernstein Research.

Mass market leads Macau’s Q2 growth

The mass market overtook the VIP sector to lead growth in Macau’s gross gambling revenue in Q2 with a gain of 21 percent over the prior year, according to figures from the Gaming Inspection and Coordination Bureau.

June GGR tracking around 20 percent as mass picks up: MS

Macau’s gross gambling revenue is tracking for a 20 percent gain in June, helped the opening of Melco Resorts & Entertainment’s Morpheus Hotel and the Dragon Boat festival, Morgan Stanley said in a note.

June GGR tracking for 16-18 percent growth: Bernstein

Gross gambling revenue is tracking to growth between 16 percent and 18 percent in June if the currently daily rate is maintained throughout the month, Bernstein Research says.
SJM Lisboa

Macau May GGR rose lower-than-expected 12.1 percent

Macau’s gross gaming revenue rose 12.1 percent in May, below analysts’ forecasts, with June expected to record a further slowdown as players are distracted by the FIFA World Cup tournament in Russia.

China spending index flat in Q1, Macau to face H2 comparison headwinds

An index tracking high-end spending in China was flat in Q1 compared with the prior quarter, with the overall number of macro and industry indicators growing positively roughly unchanged, according to Bernstein Research.

Japan IR revenues unlikely to reach Macau levels: Ho

Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a $10 billion plus resort” in either the Kansai or Kanto regions of the country.

May GGR on track for 16-17 percent gain: Bernstein

Gross gambling revenue in Macau is on track to gain between 16 to 17 percent from the same month last year, according to estimates from Bernstein Research.

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Lawrence Ho: Melco’s growth strategy in Macau validated

In an interview with Bloomberg television, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho asserted that his firm’s rising profitability at a time when the local market is being by decline represents proof that Melco’s strategy is working.

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