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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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