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JP Morgan trims Macau February GGR forecast to flat or 2% growth

Regulation

JP Morgan Securities (Asia Pacific) Ltd has reduced its February Macau gross gaming revenue forecast to around last year’s level or up to 2%, after previously predicting growth of 2% to 5%. The firm estimated GGR at MOP14.3 billion for the first 22 days of February, with daily revenue below its expectation during the lunar new year period.

The lower forecast gives Macau casino operators a revised near-term benchmark for revenue performance.

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Regulation

Quaest poll puts bets and social media at 7% as source of hope nationwide

A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.

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