Fitch’s single-digit casino win projection for next year is in line with other financial services firms.<\/p>\n
JP Morgan, Sanford Bernstein, and Bloomberg gaming industry analysts all believe GGR will slide in November and December to cap off a difficult 2019. However, that will lead to an easier comparison in 2020.<\/p>\n
\nThere’s a good possibility that 2019 marks a cyclical bottom for Macau’s casino sector, and that demand can rebound into 2020 on easy comparisons, better liquidity in China, and alleviation of 2019 headwinds,” JP Morgan said in its note.<\/p>\n<\/blockquote>\n
Macau’s GGR record came in 2013 when the enclave gaming floors won more than $45 billion. That number was $37.85 billion last year. 2019 casino win is on pace for around $37 billion.<\/p>\n
Presidents Donald Trump and Xi Jinping are reportedly considering Macau for their next face-to-face regarding their trade war discussions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gaming industry analysts believe 2020 will be a better year for the six licensed casino operators in Macau, the world’s richest gambling hub. Gross gaming revenue (GGR) stands at $30.56 billion January through October 2019. That’s a 1.8 percent decline compared to the same 10 months in 2018. Fitch Ratings analyst Colin Mansfield believes next […]<\/p>\n","protected":false},"author":25,"featured_media":118951,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Gaming Industry Analysts Expect Macau Casinos to Rebound in 2020<\/title>\n\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