But for 2019, gaming analysts aren’t optimistic the final two months will improve the year’s end result.<\/p>\n
\nWe continue to voice caution about the volatility surrounding VIP,” said Sanford Bernstein analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu. The firm is forecasting November GGR to come in at -3 to -6 percent, while Bloomberg has it at -5 percent.<\/p>\n<\/blockquote>\n
December 20 marks the 20th anniversary of Macau’s return from Portugal to China. Xi is expected to be on hand to celebrate, but the festivities aren’t expected to aid the casino business.<\/p>\n
“There are a lot of activities going on, but at the same time, some of the official engagements might mean that some of the visitation may actually go down because of such an important time in Macau’s history,” MGM China President Grant Bowie said in September.<\/p>\n
However, Bowie said he’s bullish on 2020. During MGM Resorts’ Q3 conference call this week, CEO Jim Murren outlined the company’s plan to grow its mass market business in Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino gross gaming revenue (GGR) was in the red for a sixth month in 2019, as October’s haul came in at $3.28 billion \u2013 a 3.2 percent year-over-year decline. October kicked off with the all-important annual Golden Week holiday, and while visitor arrival numbers were strong, it didn’t correlate to the gaming tables and […]<\/p>\n","protected":false},"author":25,"featured_media":118683,"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 Casino Revenue Declines Again, October Kills Golden Goose<\/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