HomeNewsAsia Gaming eBrief: World Cup weighs on Macau GGR run-rate in first half of June

Asia Gaming eBrief: World Cup weighs on Macau GGR run-rate in first half of June

Good morning. Distraction has a price tag. Macau’s GGR run-rate dropped about 20 percent from May in the first 14 days of June, as the World Cup likely diverted some player budgets away from gaming floors, according to Citigroup. GGR reached about $1.12 billion over the period, while the daily pace slowed to $72.6 million. Meanwhile, gaming watchdog chief Ng Wai Han has taken over Macau’s economy and finance portfolio, a role that also oversees the gaming sector. She pledged to strengthen economic resilience, push diversification, and align policy work with China’s broader national development planning.

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Cotai Strip, Macau, Gaming Operators, Casino Operators

Macau GGR weakens in June as World Cup draws player spend

Macau’s gaming revenue run-rate fell about 20 percent month-on-month in the first 14 days of June, as the FIFA World Cup likely diverted betting budgets away from casinos, Citigroup said in a June 15th note. GGR reached roughly $1.12 billion, or about $72.6 million daily. VIP volume dropped 15 to 18 percent. The brokerage held its June forecast at $2.35 billion, implying a 10 percent annual decline.

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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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