“Room comps will be high \u2026 but likely go to an average lower-spend customer than in 2018,” analysts at Sanford C. Bernstein explained.<\/p>\n
Those same analysts said VIP revenue declined 12-14 percent last month, while mass play increased 11-13 percent. Looking ahead, Bernstein is forecasting GGR to decline three to six percent in October.<\/p>\n
\nWith Golden Week leading off the month, the trend so far is not looking too optimistic, based on our recent conversations with industry participants in Macau,” the firm stated.<\/p>\n<\/blockquote>\n
The Macau Tourism Office is expecting visitor arrivals to increase 15 percent on 2018’s Golden Week total of 890,000. The surge comes not from the high roller, but the VIP. Last October’s opening of the 34-mile Hong Kong to Macau bridge slashes automobile travel time between the two Special Administrative Regions from around four hours to just 35 minutes.<\/p>\n
A room search for Wednesday through Sunday found no availability at The Venetian and Parisian, Morpheus, and Wynn Palace. Occupancies were available at City of Dreams, MGM Macau, and MGM Cotai.<\/p>\n
Stock Reaction<\/b><\/h2>\n
Stocks of the six licensed casino operators \u2013 Sands, Wynn, MGM, Galaxy, SJM, and Melco \u2013 didn’t trade on Tuesday due to the Golden Week holiday closure of the Hong Kong Stock Exchange.<\/p>\n
In the US, the four traded casino companies saw mixed results. Sands, MGM, and Melco were all relatively flat in morning trading. Wynn was up 1.3 percent as of noon.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos recorded their lowest monthly haul in a year, as September gross gaming revenue (GGR) came in at just MOP22.1 billion ($2.7 billion), a small 0.6 percent year-over-year bump. September should have been an easy comparable, as the month in 2018 was hampered by Typhoon Mangkhut. The tropical cyclone forced casinos to close for […]<\/p>\n","protected":false},"author":25,"featured_media":116128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Post Lowest Gross Gaming Revenue Win in 12 Months<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n