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Macau gaming continues to suffer from Hato aftermath

Macau’s gaming industry continues to be affected by the aftermath of typhoon Hato, with VIP and mass revenue slowed in the first ten days of the month, says Bernstein.

While a slowdown in September is expected due to weaker seasonality, the brokerage said a carryon effect from typhoon Hato impacted mass and VIP revenue, which was down month-on-month.

Gross gaming revenue (September 1-10) reached MOP 6.8 billion, with ADR of MOP 680 million.

Under the current trajectory, Bernstein says it estimates September GGR to be in a range of MOP 19.8 to 20.4 billion, representing a year-on-year increase of 8-11 percent.

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.