HomeNewsAsia Gaming eBrief: World Cup drags Macau June GGR lower, soft July outlook ahead

Asia Gaming eBrief: World Cup drags Macau June GGR lower, soft July outlook ahead

Good morning. Macau is waiting for the rebound pass. June GGR slipped 12.1 percent to $2.29 billion, broadly matching expectations but showing a steeper-than-usual decline from May as the World Cup squeezed gaming demand. Analysts expect the drag to spill into early July, before concerts and post-tournament travel help test the market’s recovery legs. In South Korea, Jeju Dream Tower kept the growth story alive, with June casino sales up 36 percent to $31 million and visitor numbers rising nearly 19 percent.

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Macau

World Cup drag weighs on Macau June GGR, July outlook soft

Macau’s June GGR fell 12.1 percent year-on-year to MOP18.52 billion ($2.29 billion), as the FIFA World Cup weighed on gaming demand. Analysts said the result was broadly in line with expectations, but the sequential decline from May was weaker than normal seasonal trends. Citigroup and Deutsche Bank expect the tournament to continue affecting demand in early July, before a possible recovery later in the month.

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The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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