Macau Revenues Down 5 Percent In Q1-2016

But regulator says that it's an improvement compared with Q4-2015

The Macau Gaming and Inspection Bureau released figures today (Friday) showing that on a year-on-year basis, Q1-2016 revenues are down 5 percent, but (more hopefully) when compared with Q4-2015 there's been a 2 percent improvement.
Mass and slots GGR in Q1-2016 was MOP 25.8 billion (US$3.2 billion), representing a decline of 5 percent year on year, but up 2 percent sequentially.
Analysts at Union Gaming took a more optimistic stance, pointing out that due to table game reclassifications understating mass performance since 2014, it estimates that mass / slots GGR has actually increased around 3-4 percent y-o-y in the initial quarter of 2016.
The company said that this would effectively mean that Q1-2016 year-on-year numbers have grown for the first time since Q1-2014, and hoped that the positive trajectory would continue, forecasting a possible 7 to 8 percent in GGR growth by the end of the year.
VIP GGR was recorded at MOP 30.4 billion, down 19 percent year-on-year and up 3 percent on Q4-2015, whilst slot machine GGR was MOP2.9 billion, down 2 percent year on year and up 3 percent sequentially.
"We estimate combined mass market and slots GGR eclipsed VIP GGR for the third consecutive quarter; we look for this trend to continue for the foreseeable future and are currently forecasting mass / slots to capture 57 percent of the GGR pie in 2016," analysts said.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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