International edition
June 20, 2021

Drop between 11 and 13 percent

Macau VIP gaming remains weak

(Macau).-Macau’s casinos are continuing to post weak VIP gross gaming revenue results, says Japanese brokerage Nomura.

T

he firm estimated on Monday VIP revenue could be down between 11% and 13% on year-on-year terms for full-June.


The good news is that Nomura’s checks indicate mass headcount “remains strong”. Analysts Louise Cheung and Harry C. Curtis said mass-market GGR could be up between 34% and 38% from last year for the full month.


June GGR could stand atUS$3.6 billion, increasing by 1% to 4% on year-on-year terms, the two analysts estimated.


U.S.-based brokerage firm Sterne Agee said also on Monday its June GGR outlook for Macau’s casinos remains between a drop of 2% and growth of 3% from last year, “with a bias toward the low-end of our range”.

 

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