VIP aggregated gross gaming revenues slow in Macau

According to a report by GGRAsia mentioning official statistics in the enclave’s Gaming Inspection and Coordination Bureau, the latest figures imply the over 30 casinos in Macau chalked up six-month aggregated gross gambling revenues of $18.58 billion, which represented an increase of nearly 19% year-on-year.

But, GGRAsia reported that the three-month VIP figure was the lowest year-on-year progress since the last 3 months of 2016 if the improvement struck only 12.7%. It detailed that the ensuing quarters had seen the town ’s casino industry record high-roller increase rates of about 20 percent while the figure for the first few months of 2018 had stood in 21%.

Breaking down the second-quarter figures further, GGRAsia reported that aggregated gross gambling revenues from VIP baccarat had accounted for 55.7percent of the sector’s total, which embodied a drop of some 1.3percent quarter-on-quarter, even though the six-month figure of almost $10.39 billion had symbolized a swell of 17.7% year-on-year.

GGRAsia reported the current slow-down in aggregated gross gambling revenues from VIP players had primarily been because of a softening in the economy of mainland China though the mass-market segment saw overall second-quarter takings improve by 20.8% year-on-year to hit approximately $4.04 billion.

The statistics also revealed that second-quarter mass-market aggregated gross gambling revenues from the city’s 17,296 slots had climbed by 23.6% year-on-year to just over $471.29 million whereas the 81.76 million recorded out of its 6,588 live multi-game products had represented an advance of 7.7%.

GGRAsia reported the latest results prompted brokerage firm JP Morgan Securities (Asia Pacific) Limited to predict that Macau is likely to determine VIP aggregated gross gambling revenues grow at just about 9 percent for the duration of the second half of 2018. This prediction coincided with Western counterpart, Nomura Holdings Incorporated, halving its calculation for year-on-year high-roller growth rates for the entirety of next year to just 7 percent.