Macau Revenue Decline

Macau Revenue Decline expected through the end of 2019

By Sophie Couard
Gross gaming revenue is expected to decline by 3% YOY in Macau.

Macau is home to many casinos such as the Casino MGM Macau and Casino Sands Macau. These casinos, as well as others, seem to be having a tough go of late as 2019 is turning out to be weaker than expected with a revenue decline. It is not the first time that the city has gone through a slump so It's nothing out of the ordinary as far as the city is concerned.

Decline in Gross Gaming Revenue

According to a study by Morgan Stanley, gross gaming revenue decline for 2019 is expected to be -3% on a year-on-year comparative bases. This is an adverse change from the initially projected -1%. The decline is due to lower VIP revenue which is predicted to be 17% lower than in 2018. Mass gaming revenue is expected to grow by 10% for 2019 and 7% in 2020.

Morgan Stanley

The expectation is that the decline will have an impact on dividends.

About Macao

Macau is administrated by the People's Republic of China and has a population of 667,400. Gambling has been legal since it was legalised by the Portuguese government in the 1850s. It has become known as the gambling capital of the world.

By Sophie Couard
By Sophie Couard - EDITOR

I am a great fan of gambling, I became a croupier to finance my studies. After my high school diploma in economic and social sciences , I obtained a bachelor's degree in economics and then a master in philosophy with a thesis on player behavior. After working in an online casino customer support, I became a writer on FeedBACK Casino.