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Macau Revenues Dip 5% in Q1-2016
Friday April 15,2016 : MACAU REVENUES DOWN 5 PERCENT IN Q1-2016
But regulator says that it's an improvement compared with Q4-2015.
The Macau Gaming and Inspection Bureau released figures today (Friday) showing that on a year-on-year basis, Q1-2016 revenues are down 5 percent, but (more hopefully) when compared with Q4-2015 there's been a 2 percent improvement.
Mass and slots GGR in Q1-2016 was MOP 25.8 billion (US$3.2 billion), representing a decline of 5 percent year on year, but up 2 percent sequentially.
Analysts at Union Gaming took a more optimistic stance, pointing out that due to table game reclassifications understating mass performance since 2014, it estimates that mass / slots GGR has actually increased around 3-4 percent y-o-y in the initial quarter of 2016.
The company said that this would effectively mean that Q1-2016 year-on-year numbers have grown for the first time since Q1-2014, and hoped that the positive trajectory would continue, forecasting a possible 7 to 8 percent in GGR growth by the end of the year.
VIP GGR was recorded at MOP 30.4 billion, down 19 percent year-on-year and up 3 percent on Q4-2015, whilst slot machine GGR was MOP2.9 billion, down 2 percent year on year and up 3 percent sequentially.
“We estimate combined mass market and slots GGR eclipsed VIP GGR for the third consecutive quarter; we look for this trend to continue for the foreseeable future and are currently forecasting mass / slots to capture 57 percent of the GGR pie in 2016,” analysts said.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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