Macau gross gaming revenue to rise in October
Casino gross gaming revenue (GGR) in Macau is expected to increase 14 to 15 percent year-on-year in October even if the Golden Week showed a slower start this year, Japanese brokerage Nomura reported.
Last week’s memo revealed that October GGR typically lifts approximately 13 percent sequentially from September, which would translate into daily GGR of circa US$99.5 million for the month, implying year-on-year growth of approximately 12 percent. Nevertheless, trends seem to have normalised despite the slower than expected start this year. The Golden Week holiday period took place from October 1-8, and despite the slow start, visitors arrival’s aggregate number showed a 10.3 percent rise year-on-year.
Moreover, according to information released by the Gaming Inspection and Coordination Bureau (DICJ) on Monday, gross gaming revenue from the VIP Baccarat segment increased 35 percent year-on-year during the third quarter of 2017 to US$4.8 billion. The segment totaled 57.7 percent of all gaming revenue in the three month period, whilst mass gaming revenue increased 7.4 percent to US$28.3 billion.…