{"id":2145,"date":"2020-01-09T12:04:47","date_gmt":"2020-01-09T12:04:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=2145"},"modified":"2026-04-24T09:04:50","modified_gmt":"2026-04-24T12:04:50","slug":"macau-casino-ggr-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-ggr-2020","title":{"rendered":"Macau casino sector to grow in 2020, Bernstein says"},"content":{"rendered":"\n<p>Despite a slow start to the year, the Macau casino looks set to improve during 2020<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Most analysts have already predicted a slow start for the industry, but it seems it won&#8217;t be a full year of doom and gloom. According to brokerage Sanford C Bernstein, the Macau casino sector will enjoy some growth in 2020. <\/p>\n\n\n\n<p>The firm says GGR may grow by 8% thanks to 6% and 9% increases in the VIP and mass segments respecitvely.<\/p>\n\n\n\n<p>\u201cWe forecast GGR growth of 8% year-on-year in 2020,\u201d noted Sanford Bernstein analysts Vitaly Umansky, Kelsey Zhu and Eunice Lee.<\/p>\n\n\n\n<p>\u201cConcerns over the Chinese economy will moderate and liquidity issues will ease along with a potentially stronger RMB over the next six to 12 months. That should lead to a rebound in the VIP segment,\u201d they said.<\/p>\n\n\n\n<p><strong>January<\/strong><\/p>\n\n\n\n<p>Last year was not the best performing 12 months for the Macanese market. Macau GGR will, however, continue to struggle, according to Japanese brokerage Nomura in its&nbsp;<strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/macau-ggr-flat-january\" target=\"_blank\">latest report<\/a><\/em><\/strong>.<\/p>\n\n\n\n<p>\u201cBy segment, we estimate that average daily mass revenues are up approximately 5-7% year-on-year,\u201d they revealed. Nomura also added that VIP volumes for the first five days of this year were tracking \u201capproximately 15-20% lower\u201d versus the same period last year.<\/p>\n\n\n\n<p>The brokerage says that daily Macau GGR for January and February together \u201ctypically\u201d improves 4-5% sequentially compared to December.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a slow start to the year, the Macau casino looks set to improve during 2020<\/p>\n","protected":false},"author":2,"featured_media":2147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sanford C Bernstein projects an 8% GGR growth for Macau's casino sector in 2020, driven by anticipated moderation of Chinese economic concerns and a stronger RMB, positively impacting both VIP and mass gaming verticals. Conversely, Nomura forecasts continued GGR struggles, noting a significant decline in early January VIP volumes despite a modest increase in mass revenues, highlighting a divergence in market outlooks.","focusai_entities":"Sanford C Bernstein, Nomura, Vitaly Umansky, Kelsey Zhu, Eunice Lee","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific macroeconomic indicators, beyond the Chinese economy and RMB strength, are factored into Sanford Bernstein's optimistic GGR forecast for Macau in 2020, particularly concerning VIP liquidity and capital flow dynamics?"},{"label":"VIP Segment Outlook?","query":"Given Nomura's report of a 15-20% decline in early January VIP volumes, what specific operational or regulatory adjustments are Macau integrated resort operators implementing to mitigate this trend and align with Sanford Bernstein's projected VIP segment growth?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,725,257],"class_list":["post-2145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2145","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=2145"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2145\/revisions"}],"predecessor-version":[{"id":21545,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2145\/revisions\/21545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}