Macau Gaming Revenues Growth Decelerating

Macau is one of the few jurisdictions around Asia to regularly release figures on how much gross revenue is being generated by its casinos.

The Gaming Inspection and Coordination Bureau is the market regulator in the world’s biggest gambling hub and it releases monthly figures for total Gross Gaming Revenue (GGR). Once a quarter, the DICJ as it is known, releases more detailed information giving a breakdown in the sources of revenue between VIP gamblers and the mass market.

In addition, many analysts provide weekly reports with their estimates as to the likely performance in the month and these are closely followed by investors. All six of Macau’s casino operators are stock-exchange listed.

Bernstein Research in its latest note is predicting that GGR for July will rise between 11 percent and 13 percent from the prior year, based on the weekly and daily performance to date. That would show little change from June, when GGR rose by 12.5 percent. That figure was sharply below analysts’ estimates for growth of 18 to 20 percent and sent share prices tumbling. (AGB)