Casinos awaiting mass-market rescuer, analyst says

2015/12/2

From：Macau Business

The amount of gaming revenue Macau’s casinos made last month shows that the steadying of the mass market has so far failed to make up for the slump in the VIP market, Bloomberg reports.

The Gaming Inspection and Co-ordination Bureau says casino gross gaming revenue was MOP16.43 billion (about US$2.05 billion) last month, 32.3 per cent less than a year earlier, shrinking for the eighteenth month in a row.

Bloomberg quotes Bloomberg Intelligence analyst Tim Craighead as commenting: “The ongoing pressure on the high-roller business hasn’t been offset by mass market stabilisation.”

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