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which gives the brokerage reasons to believe that Macaus se

edit:casino time:2019-01-20

MNAYi Wei Wong18 Jan 2019

Mass is also predicted to slow, albeit at a lower rate, due to high occupancy rates and visitation trends working in its favour, although the same pressures affecting the VIP segment is likely to carry over.

Macau has been experiencing deceleration in VIP growth relative to mass due to macroeconomic concerns surrounding China, according to Bernstein.

GGR growth from late 2016 to the middle of 2018 was boosted by strong VIP growth.

Bernstein projects overall GGR growth to reach 3 per cent in 2019.

According to data released by the Gaming Inspection and Coordination Bureau (DICJ), GGR arising from VIP baccarat was a strong driver of growth in the fourth quarter of 2018, accounting for 53.3 per cent of GGR in that period.

Bernstein predicts the recent sell-off in the sector is due to investor concerns about China’s decelerating growth, policy risks and trade tensions with the United States.

Macau (MNA) – Brokerage Sanford C. Bernstein predicts that the VIP segment for gross gaming revenue (GGR) would slow in early 2019, predicting a decline of around 2 per cent in a note sent on Friday.

Bernstein predicts headwinds due to data from China showing economic growth is slowing, and the ongoing trade war between United States and China.

However, the brokerage believes that the current slowdown is near-term, there is a positive outlook on the Macau gaming industry in the long run, particularly mass and premium mass.

On the other hand, mass GGR is expected to grow by 7 per cent in early 2019.

Macau | VIP GGR to slow in early 2019 - BrokerageSanford C. Bernstein predicts gross gaming revenue growth to slow in early 2019 due to macroeconomic factors, with the VIP segment facing a possible decline of 2 pct y-on-y in that period

 which gives the brokerage reasons to believe that Macaus secular growth will be likely to continue. Bernstein projects overall GGR growth to reach 3 per cent in 2019.  monte carlo casino

However, the long run improvements in transport infrastructure, growth of the premium consumer class in China and the opening of new casinos and integrated resorts are all factors that will lead to long-term growth in mass, which gives the brokerage reasons to believe that Macau’s ‘secular growth’ will be likely to continue.

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