According to Forbes, and their reference, the Gaming Inspection and Coordination Bureau, Gaming revenues fell in Macau for a consecutive third month. I am trying to put that in reference with visitor figures as issued by DSEC and above is a screenshot of the figures for July 2014 (the last released figures as of this point). July overall visitors went up by 7.3% compared to last year’s July. Yet also in July Gaming revenues fell by 3.6%.
The main reason is speculated as follows:
There’s consensus that VIP revenue again fell in the mid-teens, while mass market revenue rose in the mid- to upper-teens.
VIP Gaming, i.e. high rollers with lots of money to spend, is in decline due to a multitude of reasons.If time allows I am preparing an overview of mass gaming vs. vip gaming revenues across individual casino operators. It will be very interesting to see if the ‘up in mass gaming’ can be effectively captured by those casinos who are currently focussed on VIP gaming. Hence the main questions will be:
Which casinos will be hit most and what does that mean for the new Cotai strip casinos that are meant to open in the upcoming years?