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
-
Latest News4 days ago
DreamPlay consolidates its status as a global player in the iGaming industry and opens an office and campus in Cyprus
-
Asia5 days ago
SARA TENDULKAR JOINS JETSYNTHESYS’ GLOBAL E-CRICKET PREMIER LEAGUE AS MUMBAI FRANCHISE OWNER FOR SEASON 2
-
Latest News6 days ago
Relax Gaming roars into action with the release of Tiger Shrine
-
Latest News6 days ago
CS2 & CSGO Gambling Sites 2025 | Best CS2 Betting
-
Latest News6 days ago
Casino Kings Launches Exclusive Grand National Offer for Betting Fans
-
Latest News6 days ago
Best Payout Casinos – 2025’s Top 10 High-Paying Casino Websites
-
Australia6 days ago
Changes to Tipping Off Offence Came into Effect in Australia
-
Latest News4 days ago
A Deeper Dive into Online Casino Bonuses