\nAfter China and the US agreed to its Phase 1 of their trade deal last week, Deutsche Bank analyst Carlo Santarelli said he’s predicting GGR “to be back-half weighted in 2020, with aggregate GGR growing 3.6 percent year-on-year.”<\/p>\n<\/blockquote>\n
Morgan Stanley has called for a two percent GGR increase next year.<\/p>\n
However, Fitch Ratings said it simply doesn’t see substantial growth in the region’s gaming industry next year. It revised its economic forecast on Macau from “negative” to “stable,” but added, “Macau’s growth outlook could be indirectly affected by further escalation in US-China tensions insofar as this results in downward revisions to our projections.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino revenue through the first half of December is dragging behind what was already rather weak projections from gaming industry analysts. JP Morgan reports that through 15 days in December, gross gaming revenue (GGR) came in at an estimated MOP10.8 billion ($1.35 billion). That equates to $90 million a day, which is substantially lower […]<\/p>\n","protected":false},"author":25,"featured_media":122481,"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 in December Pacing for Worst Month in 2019<\/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