\nWhy VIP’s have chosen to return now is unclear, and<\/span> Union Gaming Group analyst Grant Govertsen told Bloomberg this week he believed the figures may be misleading.<\/strong><\/p>\n<\/blockquote>\nThe increase in VIP revenue may be overstated, he said, as some casinos had reclassified higher-end mass market tables as VIP to dodge smoking restrictions in late 2014.<\/p>\n
Misleading Figures? <\/b><\/h2>\n
Nevertheless, Govertsen believes the health of the mass market segment is more important than the VIP sector because this is what will make Macau\u2019s recovery sustainable.<\/p>\n
\u201cThe strength seen in the fourth quarter was not primarily driven by VIP. It was driven by mass,\u201d he said. \u201cThis is very important in the context of what we see as a sustainable mass market led recovery.\u201d<\/p>\n
\u201cWhile we are very happy to finally see VIP turn positive, we remain cautious on the outlook for this segment, which is driven by increasing concerns on Beijing\u2019s stance on capital flight,\u201d he added.<\/p>\n
The VIP segment accounted for 53 percent of the gambling hub\u2019s overall gaming revenue throughout 2016, according to the latest figures, whether they are accurate or not.<\/p>\n
That\u2019s a definite improvement on the previous year but still some way short of its 73 percent peak in 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau\u2019s VIP industry is showing signs of resurgence, as Chinese high rollers return to the high stakes baccarat tables of the world\u2019s gambling capital. VIP gaming rose 13 percent in the final quarter of 2016, according to Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ). Mass market, meanwhile, improved 7.3 percent, the second consecutive quarter of […]<\/p>\n","protected":false},"author":42,"featured_media":43897,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau VIP Segment Grows 13 percent as High Rollers Return<\/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