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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.
Gambling News :
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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