Daily Asia Gaming eBrief: Macau February GGR to increase up to 12.8%
Off to a running start. The Year of the Horse is anticipated to bring with it a steady pace for Macau’s gaming industry. While expectations are for the holiday to disrupt play in the early part of the month, punters should return in force afterwards, with analysts predicting a yearly GGR increase of between 4 and 12.8 percent. Looking to South Korea, Jeju Dream Tower saw table games boost its January results, with a 55 percent increase in casino sales yearly. Meanwhile, Grand Korea Leisure has again denied that it will open a casino in Seoul, even though it previously announced it would study the possibility.
Good Morning. Off to a running start. The Year of the Horse is anticipated to bring with it a steady pace for Macau’s gaming industry. While expectations are for the holiday to disrupt play in the early part of the month, punters should return in force afterwards, with analysts predicting a yearly GGR increase of between 4 and 12.8 percent. Looking to South Korea, Jeju Dream Tower saw table games boost its January results, with a 55 percent increase in casino sales yearly. Meanwhile, Grand Korea Leisure has again denied that it will open a casino in Seoul, even though it previously announced it would study the possibility.
February in Macau is expected to get off to a slow start, due to the influence of the Chinese New Year celebrations, but analysts are predicting a recovery after the festivities, helping boost GGR by up to 12.8 percent. Steady visitation and underlying gaming demand should help even out the month, and provide a solid platform for gaming results throughout the rest of the year.
Written byAGBrief EditorialThe 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.More from AGBrief Editorial →