April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city’s GGR, blowing away the VIP […]
Macau was able to find some solid ground in 2021, despite ongoing global issues with COVID-19. The level of activity for the year wasn’t where the casino hub thought it would be, but it was a huge step in the right direction. As the pandemic continues to cause problems, whether Macau will see more growth […]
L’Autorite Nationale des Jeux (ANJ), France’s gambling regulator, has reported gross gaming revenues (GGR) of €444.0 million ($502.2 million) in the country’s online casino sector for the third quarter of the year. This is 9.6% more than the Q3 2020 results when performance was severely affected by the COVID-19 pandemic. Sports, Poker the Big Winners […]
Morgan Stanley is now less optimistic about Macau’s continued strengthening in 2022. As a result, the financial firm’s analysts have reduced the expected gross gaming revenue (GGR) for the city by 30% to $15 billion. Macau Has a Long Road Ahead Although the institution noted a “choppy recovery,” it said that there are still “overhangs” […]
The gross gaming revenue (GGR) in Macau fell by 12% week-on-week. This was due to an increase in the COVID-19 infection rates in mainland China, as well as a collapse of the local VIP sector following Suncity Group’s troubles. Macau GGR Still Unstable The weekly GGR update by Bernstein analysts Vitaly Umansky and Kelsey Zhu […]
Codere, a Spanish gaming company, reports massive revenue growth in Q3 of 2021 and its restructuring deal through which creditors will take control is set to be finalized on November 19. The agreement on debt-for-equity was scheduled to be completed on November 5, but it was pushed back by 14 days. The Revenue of Codere […]
Macau daily casino gross gambling revenue (GGR), for the first week in November, was up 12% week-on-week. This was supported by significant recovery of visitor volume to the city. However, GGR was still “lighter than expected,” according to brokerage Sanford C. Bernstein Ltd on Monday. According to the firm, the average daily rate from November […]
Macau didn’t see any significant uptick in traffic from Golden Week this month, but things improved slightly since then. The average daily gross gaming revenue (GGR) for the third week of October was a big improvement over the prior week, and more increases could be coming. The Macau Grand Prix will be held in November, […]
August was another good month for casinos and other gaming properties in Nevada. For the sixth consecutive month, the market collectively reported gross gaming revenue (GGR) of more than $1 billion, helping the Silver State continue to rebuild following the COVID-19 disaster. The Strip provided much of the boost, as entertainment venues came back to […]
