Asia
Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019

Analysts have predicted a decline in Macau’s casino revenue for the fourth quarter of 2019. Financial giant Morgan Stanley said that casino gross gaming revenue (GGR) is likely to be down every month of Q4 in Macau.
Analysts Praven Choudhary, Thomas Allen and Gareth Leung said that October GGR would be 6% down year-on-year. November and December would both register a 9% decline year-on-year, ending Q4 on a bad note.
“We expect Q4 revenue growth for both mass and VIP to decelerate compared to the first nine months in Macau. Driven by high [2018] base, lower [tally of] overnight visitors and general economic slowdown,” the analysts said.
The Morgan Stanley analysts also said that they expect third-quarter property EBITDA to be down 1%. “Also weaker than seasonality of an 8% increase quarter-on-quarter,” they said.
-
Balkans7 days ago
GoldenRace is opening up the Bulgarian market with Inbet
-
Balkans7 days ago
CT Gaming Secures Certification for its Latest Multigame – Diamond King 5
-
Latest News7 days ago
Octoplay advances on its European growth strategy by partnering with Evoke Group in the UK and Denmark
-
Asia7 days ago
Skyesports Wraps Up Gaming Thiruvizha – Chennai Edition With 17,000+ Fans in Attendance
-
Baltics7 days ago
CT Interactive Expands its Certified Game Portfolio in Latvia
-
Latest News7 days ago
Fire Toad 2 leaps into action with sizzling new upgrades
-
Latest News7 days ago
Unearth ancient treasures in Relax Gaming hit Bill & Coin 2: Mummy Mischief
-
eSports7 days ago
Esports Set To Take Over the Capital as BLAST Premier London Open Heads to Wembley Arena