Asia
Macau gaming revenue rises 21%

The gaming revenue of Macau has increased by 21% during the first quarter of 2018, brokerage Bernstein estimates.
Macau has witnessed a strong performance in the gaming industry so far. According to brokerage Bernstein (in an analysis prior to operators’ results), the extended good performance in both VIP and mass led to a 21% growth in gross gaming revenue (GGR) during said period in one of the largest gaming markets in the world.
Brokerage analysts pointed out that the VIP segment had a stronger performance than mass once again after rising 26% year-on-year. However, they also cautioned that the results for the first quarter may not be as positive and could slow down during the rest of the year.
“The resilient strength in VIP has continued to surprise, but we are expecting a material deceleration in VIP growth as we move further into 2018,” analysts wrote.
Furthermore, Bernstein analysts assessed that EBITDA (for the whole Macau gaming industry) will probably be up 21 per cent year on year. That being said, Bernstein says it expects Wynn to show the highest year-on-year EBITDA, with Galaxy coming in second place.
Source: AGBrief
-
Asia4 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Asia7 days ago
PAGCOR chief pushes for stricter regulation, not online gaming ban
-
Asia6 days ago
BGCS and BGMS league stages conclude; rising stars set to meet pros in the playoffs
-
Latest News7 days ago
High Roller Technologies and Flows partner to launch player engagement experiences, with technical integration complete in record time
-
Central Europe6 days ago
Football Stats Startup Challenges Multi-Million Company With Free Publication Of Blueprints
-
Asia7 days ago
8MBets: Online Casino Bangladesh Announces a Mobile-First Upgrade Centered on its Casino App and an Expanded Game Lineup for Local Players
-
Latest News6 days ago
The Current State of the German iGaming Market and Its Role in Europe
-
Eastern Europe6 days ago
SYNOT Games Partners with WIN2