International edition
October 28, 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.


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.

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