\nThere are always ups and downs in the marketplace,” Bowie explained. “We are still the largest gaming market in the world, and I think everybody in Macau should be very confident.”<\/p>\n<\/blockquote>\n
Last week, Melco Resorts entered into an agreement to purchase a nearly 20 percent stake in Crown Resorts from the casino company’s founder and former CEO James Packer. The move by the Hong Kong-based Melco \u2013 which operates in Macau, the Philippines, and soon Cyprus \u2013 might hint that billionaire CEO Lawrence Ho believes further market diversification is in the company’s best interest.<\/p>\n
Where the High Rollers Are<\/b><\/h2>\n
Macau might be better attracting mass market visitors, but the VIP of course remains a highly critical component to casino floors. While the enclave once was the go-to destination for mainland China’s wealthiest citizens, today there are other markets that are adequately poaching some of the business.<\/p>\n
\n
The two multibillion-dollar integrated casino resorts in Singapore have become more attractive to Chinese high rollers. Las Vegas Sands and Genting are collectively spending more than $6 billion to upgrade their respective properties there.<\/p>\n<\/div>\n
Junket group bigwig Suncity Group is in the process of building an ultra-luxury gaming property in Vietnam. And in the Philippines, casino operators continue to invest in large casinos \u2013 primarily in the Manila capital’s Entertainment City.<\/p>\n
As a result of the varying economic factors, analysts believe Macau GGR will see single-digit growth in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino revenue in Macau was up 1.8 percent last month, but gaming industry analysts are concerned over the ongoing US-China trade war and how it will ultimately impact the world’s richest gaming hub. Gross gaming revenue (GGR) totaled 26 billion patacas ($3.2 billion) last month, a 1.8 percent year-over-year gain. However, that missed the general […]<\/p>\n","protected":false},"author":25,"featured_media":106188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Revenue Grows Two Percent in May<\/title>\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