MACAU BUSINESS


According to the analyst, pressure on gaming


revenues will “take time to manifest itself” and a potential negative impact caused by Chinese authorities actions could be “smooth[ed] out” by “stronger mass numbers for Summer months”. A possible renewal of anti-corruption


crackdowns ahead of the 19th National Congress of the Communist Party of China to be held this Autumn could impact gaming revenue recovery, with Bloomberg stating investors are concerned about possible new investigations of suspicious money transfers or the freezing of junket operators’ accounts. Despite the large decrease during the 26 months of


gross gaming revenue downturn registered in the city, the VIP sector has bounced back, with revenues from


VIP Baccarat seeing an almost 35 per cent year-on- year increase in the second quarter of this year, reaching MOP35.86 billion. The “VIP segment, for now, continues to see


broad recovery across big and smaller junkets, a trend admittedly well above what we had envisioned,” noted DS Kim, an analyst from JP Morgan Chase & Co. However, Bernstein warns for ‘caution’ in regard to


the strength and volatility surrounding VIP, with ‘high hold rates in VIP along with continued volume strength’ not allowing more accurate monthly forecasts. The analyst firm is already forecasting a possible


yearly increase in gross gaming revenues for August between 22 per cent to 25 per cent, to potentially reach between MOP23 billion and MOP26 billion.


YOUR GLOBAL PARTNER 24 AUGUST 2017 SUZOHAPP ASIA Phone: +853 2895 6289 | Email: info@suzohappasia.com.mo | suzohapp.com


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