Earlier this week, Bank of America Merrill Lynch (BofAML) said in a note to customers that Macau’s total gaming revenue (GGR) in June was likely to rise 7% year-over-year to 30.3 billion MOPs ($3.8 billion). Casino revenue was 28.3 billion MOPs in June 2013.
If so, sales growth would be the lowest in five months, following 9.3% in May. It would also be in line with January’s growth.
Macau’s casino GGR reached 32.35 billion MOP in May, local regulators said on Tuesday.
According to BofAML’s 7% growth forecast for June, the GGR in the second quarter of this year will reach 94 billion MOPs, up 8.9% Y/Y. In the first six months, Macau casinos will earn 196 billion MOPs, up 14.6% Y/Y.
The Macau gaming regulator said its cumulative GGR total for May 31 was MOP 165.87 billion, up 15.8% year-over-year.
The slower-than-expected sales growth last month is related to VIP.
JPMorgan said its utilization rate in the last week of May was weaker than expected due to slower VIP volumes, unfavorable win rates and increased volatility due to a lack of one day a week.
JPMorgan and BofAML both said their daily utilization fell to about 770 million MOPs in the last six days of May.
BY: 홀짜게임