Tag Archives: GGR
- Nomura revises Macau 2017 GGR upward
April 3, 2017
Japanese financial giant Nomura has given the Macau casino market a vote of confidence by revising upwards its gross gaming revenue forecast of Asia’s premier gaming hub. In a note published on Thursday, Nomura estimated that Macau’s casino GGR for 2017 will now rise by 12 percent compared to the...
- Lionel Leong backs Macau govt GGR forecast for 2016
February 23, 2016
Macau Secretary for Economy and Finance Lionel Leong Vai Tac is backing the government's forecast for casino gross gaming revenue (GGR) in 2016. In November, Macau’s Chief Executive Fernando Chui Sai On said that the economic forecast for 2016 is MOP200 billion, an average of MOP16.6 billion per month. Leong,...
- Macau GGR falls for 18th straight month
December 1, 2015
Macau casino gaming revenue declined for the 18th straight month in November. This comes despite the much ballyhooed opening of Melco Crown’s Studio City resort in October. Hope was high in Macau that November’s revenue figure would be the first proper indication of the impact of the Hollywood-themed resort. Those...
- Gov’t admits Macau will see up to 4.6% drop in GGR due to smoking ban
September 25, 2015
The government of Macau is finally admitting that the city-state's economy will take a huge hit when the casino smoking ban takes effect. Public broadcaster Radio Macau reported on Thursday that the health department wrote a letter to a legislator, saying it is expecting a 2.7 percent to a 4.6 percent decline...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017