Asia

Macau casinos register increase in revenue

Published

7 years ago

March 28, 2018

Athira A

Macau Recorded 18 Percent hike in gross gaming revenue. Photo credits: https://www.google.co.in

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Irrespective of the original projections, analysts estimate that Macau’s gross gaming revenue (GGR) is forging ahead to reach about 17-19 percent growth.

Though GGR in Macau is an ever-changing figure it tends to be on the up. And the month of March won’t be an exception as analysts have projected, it is on the way to reach a 17-19 percent growth, despite lower projections prior to a few weeks.

With just four days left in March, GGR is set to reach nearly €2.46 billion, representing an escalation of almost 20 percent, evaluates the analysts. The projection is way higher than that which was revealed earlier this month by brokerage Sanford Bernstein, which put March’s GGR at a nine to twelve percent growth with a lower performance by Macau casinos.

Last week, ADR reached €91.6 million and hiked around 30 percent consecutively.

According to the analysts, this reflects increased foot traffic as a result of junket organised spring parties. That is why they are suggesting that the original projections are set to be exceeded, as GGR may actually be closer to 20 percent up in comparison to 2017 instead of only around 10 percent.

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Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.