International edition
July 24, 2021

According to Wells Fargo

Macau VIP revenue grew 25% in March

(Macau).- According to a research note issued this week by Wells Fargo Securities, Macau’s VIP casino gross gaming revenue grew by 24.9 % year-on-year in March, to us$ 2.7 billion.

A

nalysts led by Cameron McKnight wrote that March VIP year-on-year comparisons were positively affected by an estimated market hold rate of 3.11 %, versus 2.79 % in March 2012.

This was the first month in 2013 in which VIP casino gross gaming revenue grew at a double-digit rate. Mass table revenue also remained strong in March, at 30 % year-on-year growth, according to Wells Fargo.

In March, Macau casino gross gaming revenue increased 25.4 % year-on-year, to us$ 3.9 billion, a new monthly high. “While Macau gaming stocks have recently underperformed the market based on Avian influenza concerns, we would be buyers based on improving fundamentals,” the Wells Fargo analysts wrote.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook