A word of caution was reserved, however, for the soccer World Cup, which kicks off on June 14. The biggest betting event in the world has proved in the past to be a major distraction for Macau\u2019s gamblers, keeping them away from the baccarat tables.<\/p>\n
“The tournament has historically accelerated the rate of month-to-month decline in Macau\u2019s market-wide gross gaming revenue,\u201d said Steven Wieczynski of Stifel Nicolaus Capital Markets. \u201cWe would not be surprised to see investors use the May comparison as a reason to take a breath and lock in profits ahead of what could be a tricky June period impacted by the forthcoming World Cup.\u201d<\/strong><\/p><\/blockquote>\nThe last World Cup, four years ago, coincided with the first month of Macau\u2019s two-year decline, although that had a lot more to do with Beijing\u2019s \u201canti-corruption\u201d drive than a three-week-long soccer tournament.<\/p>\n","protected":false},"excerpt":{"rendered":"
Collective gross gaming revenue at Macau casinos fell short of analysts\u2019 expectations in May, causing the share prices of major players like LVS and Wynn Resorts to fall slightly. The enclave\u2019s revenues grew by 12 percent year on year, according to results released Friday by the Gaming Inspection and Coordination Bureau \u2013 significantly lower than […]<\/p>\n","protected":false},"author":36,"featured_media":79597,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Stock Dips on Below-Par May Performance<\/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