Tag Archives: financial forecasts
China – With VIP restricted Macau’s recovery will be led by mass gaming
Analysts believe that Macau’s casino recovery will be led by mass gaming with any bounce back in VIP to be affected by new regulatory controls. Investment bank Credit Suisse believes the recovery could be hampered due to ‘structural pressure’ on VIP gaming. It estimates a 77 per cent year-on-year fall in GGR in the fourth…
China – Macau’s December could be the weakest month of the year
Analysts are predicting that Macau’s December GGR will be the weakest of 2019 with an estimated year-on-year fall of 16 per cent. JP Morgan’s DS Kim, Derek Choi and Jeremy An said: “December is set to be the weakest month of the year. By segment, we estimate VIP volumes dropped sharply by low-to-mid 30 per…
