\n“The market conditions have more uncertainties, including the potential trade war escalation. High rollers are more cautious, betting less or reducing trips to Macau,” Suncity Group Holdings Executive Director Andrew Lo told Bloomberg<\/i>.<\/strong><\/p>\n<\/blockquote>\nCasinos have reduced their attention on the VIP since Chinese President Xi Jinping included junket operations in his anti-corruption campaign. Annual GGR fell from a market record $45 billion in 2013 to less than $28 billion in 2016.<\/p>\n
August Rush<\/b><\/h2>\n
Last month’s strong GGR performance has one research firm amending its outlook. Union Gaming analyst Grant Govertsen says that while the full-year expectation remains steady at 16 percent, he’s upping his third quarter outlook by a percent to 14 percent.<\/p>\n
“Based on recent conversations we’ve had with VIP junkets, we get the sense that business remains good and is maintaining a mid-teens trajectory despite fears to the contrary,” Govertsen reiterated in a note.<\/strong><\/p>\n“To date, there has been no negative reaction (or even precautions) taken by VIP customers as it relates to trade wars and the potential impacts thereof,” he added. “By and large, VIP and other premium customers have not changed trip frequency or their wallet size,” the analyst concluded.<\/p>\n
If Macau indeed finishes 2018 at 16 percent year-over-year growth, the casinos will win about $38.5 billion. That would be the region’s third-best all-time GGR annual haul.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Macau casinos won 26.6 billion patacas ($3.3 billion) last month, a 17.1 percent year-over-year premium and a mark that eclipsed the general consensus of financial analysts. Gaming analysts were calling for median gross gambling revenue (GGR) growth of 15 percent. The $3.3 billion win is the highest monthly total for Macau casinos in 2018. August […]<\/p>\n","protected":false},"author":25,"featured_media":87177,"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 Casino Win Jumps 17 Percent in August, Outpaces Forecasts<\/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