According to analysts, the end of the year is looking weak in gross gaming revenues.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gross Gaming Revenue is still looking weak in Macau according to analysts. Bernstein Research estimates that there has been no improvement in December GGR through mid-month with the figure at MOP 10.8 billion, down 16 per cent year-on-year.<\/p>\n\n\n\n
\u201cThe month may turn out to be weaker than currently estimated if weakness permeates post Xi\u2019s visit as customers hold off visiting Macau until the new year,\u201d they added.<\/p>\n\n\n\n
On the other hand, Bernstein also noted that \u201cwe have a positive outlook on the Macau gaming industry in the long-run, especially Mass (and Premium Mass in particular).\u201d<\/p>\n\n\n\n
\u201cBoth Mass and VIP have been trending lower during the first half of December. We estimate Mass to be down low-to mid-single digits while VIP volumes are down in the low 30%. VIP hold rate is on the high end, but lower than last December,\u201d informed Bernstein and estimated a decline of -16 to -12 per cent year-on-year, vs. the Bloomberg consensus of -10 percent.
<\/p>\n","protected":false},"excerpt":{"rendered":"
According to analysts, the end of the year is looking weak in gross gaming revenues.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Gross Gaming Revenue (GGR) for December is projected to be weak, with Bernstein Research estimating a 16% year-on-year decline through mid-month, potentially worsening post-Xi's visit. While both Mass and VIP segments show declines, Bernstein maintains a positive long-term outlook, particularly for the Mass and Premium Mass verticals.","focusai_entities":"Bernstein Research, Bloomberg","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact of Xi's Visit?","query":"What specific policy or sentiment shifts are anticipated in Macau's gaming sector following President Xi's visit, and how might these further impact GGR beyond the immediate visitation decline?"},{"label":"Mass Market Strategy Shift?","query":"Given the long-term positive outlook for Mass and Premium Mass, what strategic investments and operational adjustments are Macau operators implementing to capitalize on this segment's growth, particularly in light of VIP volume contraction?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[29,257],"class_list":["post-1737","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1737"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1737\/revisions"}],"predecessor-version":[{"id":1788,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1737\/revisions\/1788"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}