Rebound Predicted for August <\/strong><\/h2>\nMacau posted its 24th consecutive month of gaming revenue growth in July, up 10 percent, but growth was 3.6 percent lower than it was the start of the year. Analysts were prepared to put this into perspective, however, and are predicting a resurgence in August.<\/p>\n
\u201cWe view this result favorably as the month faced three headwinds,\u201d said Union Gaming analyst Grant Govertsen in a note. \u201cThe calendar was unfavorable with one fewer Sunday; July had the toughest comp of the year\u2026 and while we believe it was a small impact, the more interesting second half of the World Cup played out during the first two weeks of July.\u201d<\/p>\n
On Monday, Sanford C. Bernstein Ltd predicted August would generate between $3.24 billion and $6.28 billion in gross gaming revenue for Macau\u2019s casinos, an increase of between 16 and 17 percent on last year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chinese visitor numbers to Macau are up and the enclave\u2019s retail sector is booming, according to new figures, which suggest its efforts to embrace non-gaming revenue streams during its 2014-16 economic slump has transformed it into a more resilient little gambling hub. The figures also suggest that talk of a renewed financial crackdown from Beijing, […]<\/p>\n","protected":false},"author":36,"featured_media":86331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,3313,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Buoyant as Visitors Splurge $2 Billion Away from the Tables<\/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