{"id":74209,"date":"2018-04-02T14:00:44","date_gmt":"2018-04-02T21:00:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=74209"},"modified":"2018-04-02T13:15:03","modified_gmt":"2018-04-02T20:15:03","slug":"macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/","title":{"rendered":"Macau\u2019s Casinos Boast 22 Percent Gains in March, Analysts Bullish"},"content":{"rendered":"

Macau\u2019s casino revenues increased by 22 percent in March to $3.21 billion, the biggest upturn in eight months. It\u2019s the 20th consecutive rise for the for the world\u2019s biggest gambling hub, which was thrown into the grips of an economic downturn from 2014 to mid-2016 by an \u2018anti-graft\u2019 crackdown spearheaded from Beijing.<\/p>\n

\"World\u2019s
Macau is booming and the opening next month of the Pac On Taipa Ferry Terminal is expected to increase footfall to the enclave. Analyst have said it is potentially the \u201cbiggest tipping point\u201d for a shift towards the Cotai Strip. (Image: YouTube)<\/figcaption><\/figure>\n

The figures come off the back off a 17.8 percent jump in February and beat analysts\u2019 expectations of a 15 percent increase \u2013 the median estimate compiled by Bloomberg.<\/p>\n

Figures show that Macau\u2019s sustained rebound is being driven not only by a surge in mass market gamblers but also by a resurgent VIP sector, which had been warned off by Beijing\u2019s crackdown.<\/p>\n

Casino Stock Soaring<\/strong><\/h2>\n

According to the Bloomberg Intelligence index of Macau, the shares in the gambling hub\u2019s casinos<\/a> increased 11.1 percent on the Hong Kong Stock Exchange in March, significantly outperforming shares in other sectors in the region. The benchmark Hang Seng Index reported a 1.6 percent rise across the board for the month.<\/p>\n

While Macau\u2019s two-year slump is now in the past, it serves as a reminder to investors how closely the enclave\u2019s fortunes are tied to the policy whims of Beijing. But for the foreseeable future, things are looking rosy, according to a note by analysts Jamie Soo and Adrian Chan of Daiwa Capital Markets Hong Kong Ltd.<\/p>\n

The analysts said there were \u201climited negative catalysts\u201d in the next three to six months. They added that the long-delayed Pac On Taipa Ferry Terminal, which is expected to open in May 2017, is \u201cpotentially the biggest tipping point for a shift in GGR to Cotai.\u201d<\/p>\n

Cotai on the Rise<\/strong><\/h2>\n

Of the 26.9 million Chinese visitors to Macau last year, just over a third arrived by sea \u2013 via the existing Macau Ferry Terminal on the Macau peninsula and a small, temporary Taipai terminal, which will make way for the new Pac On service. The superior new terminal will bring more tourists, and wealthier ones, straight to Cotai, reason the analysts.<\/p>\n

“We believe the introduction of \u2026 newer\/superior gaming products in Cotai, and \u2026 a superior transit hub by the sea will attract a material shift of the higher-end VIP and premium mass footfall from Peninsula Macau to Cotai,\u201d said the analysts.<\/strong><\/p><\/blockquote>\n

Meanwhile, last week, the Chinese government offered a sneak peak of the world\u2019s longest sea bridge<\/a>, which will connect Hong Kong to Macau and the Chinese mainland city of Zhuhai. The $15.1 billion, 34-mile-long bridge has taken nine years to build and will cut the journey time from Hong Kong by 60 percent. Although the bridge has no official opening date, it is expected to be operational soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s casino revenues increased by 22 percent in March to $3.21 billion, the biggest upturn in eight months. It\u2019s the 20th consecutive rise for the for the world\u2019s biggest gambling hub, which was thrown into the grips of an economic downturn from 2014 to mid-2016 by an \u2018anti-graft\u2019 crackdown spearheaded from Beijing. The figures come […]<\/p>\n","protected":false},"author":36,"featured_media":74213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nMacau\u2019s Casinos Boast 22 Percent Gains in March, Analysts Bullish<\/title>\n<meta name=\"description\" content=\"Macau casino revenues rise for 20th straight month, beating analysts\u2019 expectations with a 22 percent gain on the previous month. 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The opening of the Pac On Taipa Ferry Terminal next month is expected to increase foot traffic to Cotai.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-02T21:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-02T20:15:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/macau.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/\",\"url\":\"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/\",\"name\":\"Macau\u2019s Casinos Boast 22 Percent Gains in March, Analysts Bullish\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macaus-casinos-boast-22-percent-gains-in-march-analysts-bullish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/04\/macau.jpg\",\"datePublished\":\"2018-04-02T21:00:44+00:00\",\"dateModified\":\"2018-04-02T20:15:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Macau casino revenues rise for 20th straight month, beating analysts\u2019 expectations with a 22 percent gain on the previous month. 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He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Macau\u2019s Casinos Boast 22 Percent Gains in March, Analysts Bullish","description":"Macau casino revenues rise for 20th straight month, beating analysts\u2019 expectations with a 22 percent gain on the previous month. 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