Asia

Gaming revenues could be up by 21% in Macau

Published

7 years ago

April 11, 2018

Niji Narayan

Photo credits: onlinepoker.net

Reading Time: < 1 minute

Bernstein analysts estimated an average daily revenue (ADR) of US$97 million during the first week of April for the gaming sector in Macau. In a note circulated, Bernstein recorded that between April 1st and 8th, a 19 per cent year-on-year increase was seen when compared to the same figure last year.

Daily results are 8 per cent lower than March, with VIP hold rate below normal during April, which resulted in a daily VIP revenue drop month-to-month, but with daily mass-market volumes slightly up.

Bernstein estimated that if ADR remains at this level, April is set to end with total gaming revenues between US$2.8 billion andUS$2.9 billion, a year-over-year increase of 17–21 per cent.

The firm also talked about a small Macau labour group that want to implement changes in the industry: “The labor pronouncement is a continued example of various labor groups continuing to call for better benefits and compensation in the industry which is likely to add to continued wage and benefits cost escalations in the future for the industry,” the note said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.