RTG Slots

Macau GGR flow slows down, brokerages say

Macau GGR flow slows down, brokerages say
Macau GGR flow was slower in the first days of August.

According to experts, Macau’s GGR flow posted a slower daily rate during the first days of August than it did back in all of July.

Macau.- The Macanese gaming industry is always in the spotlight as it’s the largest Asian gaming hub. That’s why two brokerages alerted about a slower flow in Macau’s gaming gross revenue (GGR) flow during the first four days of August.

According to the stockbroking arm of Nomura and Sanford C. Bernstein, July’s daily rate was, on average, better than August’s. Both say Macau GGR flowed in at the rate of about €83.1 million a day on average. The figures for the first four days of August was 5% slower than in all of July.

Nomura stated: “We believe GGR per day benefited from a higher weekend (Friday and Saturday) to weekday ratio, which helped daily GGR by an estimated €7.1 million.”

“Offsetting the positive impact from a higher weekend mix was Tropical Storm Wipha, which was signalled as a Number 8 typhoon on August 1.”

Sanford C. Bernstein said that Macau casino GGR “was impacted by Typhoon Wipha, which disrupted transportation.”

“Additionally, we are beginning to see a negative impact from the protests in Hong Kong, which is causing some transport disruption (on weekends, largely, so far) and beginning to create a headwind to China visitation into Hong Kong (and onward visitation into Macau).”

In this article:
finance Macau

Most Read Articles