Seaport forecasts Macau gaming revenue to fall 6.1% in November
The forecast gives Macau casino operators and investors an estimate of near-term revenue performance.
The forecast gives Macau casino operators and investors an estimate of near-term revenue performance.
October revenue fell year on year but rose from September, while January-to-October revenue remained above the prior-year total.
The scheme gives the six concessionaires a role in directing visitors towards participating businesses in Macao’s neighbourhoods.
The results show divergent performance across Macau’s main casino gaming categories and inform operators’ market assessments.
Operators and investors can distinguish falling mass baccarat revenue from unchanged VIP baccarat revenue in Macau.
The figures show that rising visitor numbers did not prevent lower casino revenue and spending per visitor.
Operators recorded monthly revenue growth and higher cumulative receipts despite August’s annual decline.
Licence
The approval allows a US casino technology supplier to operate in Macau, giving operators there another equipment and systems vendor.
The operation signals continued enforcement scrutiny of gaming venues and illegal-gambling activity in Macao.
Casino concessionaires are being pressed to improve controls and staff detection of illegal betting inside their venues.
Appointment
The appointment changes the acting leadership of Macau’s gaming regulator while its director position remains vacant.
Operators and investors can compare June’s decline with first-half growth as World Cup spending affected casinos.
The case may prompt tighter checks between Macau agencies before they pursue collection of gaming-related fines.
The warning alerts casino customers to purported loss-recovery services and restates equipment oversight requirements.