Error message

  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).
  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).

VIP growth to slow in 2018: analysts

While 2017 saw strong VIP recovery, the VIP model is likely to face headwinds going into the second half of 2018, said Bernstein in a Friday note.

The firm estimates VIP growth to reach 8 percent in 2018, compared to an estimated 26 percent growth in 2017.

Mass however, should remain a secular long-term low double digit growth story, said the firm.

On Friday, UBS made similar predictions, with expectations of 10 percent VIP growth and 11 percent mass growth in 2018, while estimating overall GGR to rise 11 percent.

The brokerage firm also noted that 2018 will see a number of new developments including resort openings, further details on Macau concession renewals in mid-2018 and the opening of the Hong Kong-Zhuhai-Macau bridge.

Looking into the next few months, UBS noted that with Chinese New Year this year shifting to mid-February (as opposed to January 28 in 2017), comps will be tougher in February and easier in January as a result of the typical pre-CNY lull.

More news from this jurisdiction

MacauWednesday, Jan 24, 2018

More than 30 percent of those seeking help for gambling disorders in 2017 were employed in the casino sector, according to Social Affairs Bureau (IAS) deputy director Hoi Wa Pou.

MacauWednesday, Jan 24, 2018

The strong VIP growth observed in 2017 would have left Las Vegas Sands Corp. in the dust if it weren’t for the opening of The Parisian, said writers for Motley Fool on Sunday.

MacauWednesday, Jan 24, 2018

Owner and operator of The 13, an upcoming luxury hotel in Macau has announced plans for a capital reorganization that will see a consolidation in shares and a reduction in capital.

MacauTuesday, Jan 23, 2018

MGM Cotai has welcomed more than 5,000 team members in the run up to its opening on January 29.

MacauTuesday, Jan 23, 2018

Macau saw another strong week in GGR, attributed to above normal VIP hold rate, and VIP average daily volume, and marginally improved mass, said Bernstein in a note on Monday.

MacauMonday, Jan 22, 2018

Macau police are planning to conduct a violent armed robbery drill at Galaxy Macau in the early hours of Tuesday morning.

MacauFriday, Jan 19, 2018

Two suspects involved in the theft of casino chips from Wynn Macau have been arrested.