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Devil in the details of digital RMB: Bernstein
The introduction of a digital renminbi into Macau would potentially have a positive impact on the gaming industry, easing cash flow for mass and premium mass players, but the “devil would be in the details,” says Bernstein Research.
Macau’s Q4 GGR at US$2.75 billion, mass market makes up bulk
Macau's gross gambling revenue in the fourth quarter of 2020 was MOP22 billion ($2.75 billion), with mass market baccarat and slots making up about 65 percent of the total, according to quarterly figures released by the Gaming Inspection and Coordination Bureau.
Sands, Galaxy seen as longer-term investment opportunities: Bernstein
Sands China and Galaxy Entertainment should be viewed as long-term investment opportunities once Macau visitor volumes return due to their high installed capacity and expansion plans, Bernstein Research said in a note.
VIP baccarat accounts for 48% of Macau Q3 GGR
VIP baccarat revenue was up 51 percent quarter-on-quarter and made up almost 48 percent of the revenue for the quarter, while mass market revenue jumped 77 percent from Q2, accounting for 38 percent overall, according to government figures.
A Golden Week like no other – Few visitors and little gambling
The numbers are in and they’re not pretty. The key Golden Week holiday didn’t produce the much-anticipated shot in the arm for Macau’s gaming industry, although they did highlight some noteworthy underlying trends that may drive longer-term performance.
Regions seen as outperformers
Regional casinos in the Philippines are likely to resume their outperformance once the global pandemic eases as infrastructure improves and major projects come online.
NagaCorp says opening momentum sustained
NagaCorp said the momentum it has seen on its gaming floors since reopening to the public in August appears to have been sustained through to end September, led by the mass market.
Macau Sept. revenues seen down mid 80%: Bernstein
Macau’s gross gambling revenue is seeing signs of an uptick in both mass and VIP, though for the month Bernstein Research is still estimating a decline in the mid 80’s percent.
GKL August revenue heads south again
Grand Korea Leisure saw its sales drop again in August from the prior month after showing signs of a month-on-month improvement in July.
SJM doesn’t expect revenue recovery in 2020
SJM Holdings said it doesn’t expect its revenues to return to their pre-crisis levels this year and at present it’s not possible to predict how long the Covid-19 pandemic will continue to affect its business.