In a note by Nomura\u2019s research arm, known as Instinet, analysts said that their checks found that volume had mostly recovered since the typhoon, thanks in part to the mid-autumn festival which helped boost demand late in the month.<\/span><\/p>\n<\/div>\nThere had been worries from some forecasters that the typhoon could combine with other factors to cause a serious slowdown in Macau\u2019s growth. Between the storm and a looming trade war between the United States and China, there were concerns that yearly GGR growth could slow significantly, with Nomura reducing their projections in July based solely on the tariffs imposed by the two economic giants.<\/p>\n
But according to Bernstein, strong mass market growth should help Macau continue to thrive for the foreseeable future.<\/p>\n
\u201cWe continue to view the industry as a secular growth story driven by relatively stronger mass growth in the long run,\u201d analysts wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"
Typhoon Mangkhut may have forced an emergency shutdown of Macau\u2019s casinos for the first time ever, but it won\u2019t be enough to stop the continued growth of revenues in the Chinese gaming enclave. A report from GGRAsia quoted analysts from two different brokerages as forecasting continued growth for casinos in the territory, though that growth […]<\/p>\n","protected":false},"author":42,"featured_media":89209,"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
Typhoon Mangkhut Won\u2019t Do Long-Term Damage to Macau Revenues<\/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