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GGR growth to slow in 17Q4: Bernstein

Slowing VIP demand may cause GGR growth deceleration as we head closer to the end of the year, says Bernstein analysts.

While 17Q2 saw Macau market GGR driven by expanding premium mass and strong VIP demand (up 22 percent year-on-year), Bernstein says it expects this GGR growth to decelerate to 20 percent in 17Q3, and 8 percent in 17Q4, due to more difficult comparisons and slowing VIP demand.

Mass however, should continue to show robust growth, said the brokerage.

For all of 2017, Bernstein estimates GGR growth of over 15 percent, which will be comprised of mass growth of 13 percent year-on-year and VIP growth of 18 percent year-on-year.

More news from this jurisdiction

MacauTuesday, Jan 16, 2018

Macau’s gaming regulator published a breakdown of Macau GGR for the fourth quarter of 2017 on Tuesday, revealing higher than expected mass performance and decelerated VIP growth in the quarter.

MacauMonday, Jan 15, 2018

The second week of January saw stronger GGR numbers, says brokerage firm Bernstein, which has revised up its GGR estimate for the month.

MacauMonday, Jan 15, 2018

Melco Resorts & Entertainment Ltd is proud to announce the winning of three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation for the hospitality sector.

MacauFriday, Jan 12, 2018

A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking.

Elsewhere, MacauTuesday, Jan 09, 2018

Casino operator MGM recently supported a University of Macau (UM) study tour to Las Vegas.

MacauTuesday, Jan 09, 2018

The Adelson Family Foundation on Tuesday presented a cheque for more than $1.9 million to the University of Saint Joseph.

MacauTuesday, Jan 09, 2018

The Hong Kong-Zhuhai-Macau Bridge is set to open in the second quarter of 2018, according to people familiar with the matter.