Following26 straight months of decline, the over 30 casinos in Macau saw aggregated gross gambling revenues for August improve by 1.1% year-on-year while a 7.4% swell was reported for September before October’s figure went up by 8.8%. These were all surpassed last month by a14.4% boost to around U$S 2.4 billion, which means that the industry hasalready brought in approximately U$S 25.5 billionfor the first eleven months of 2017.
According to a report from the Macau Business Daily newspaper, gaming analysts from Wells Fargo Securities stated that average daily revenues at the beginning of December have benefited from a better than average performance in VIP business "with 15% to 20% growth in volumes”.
For ratings agency Telsey Advisory Group, a second
consecutive month of double-digit growth in aggregated gross gaming revenues
since 2014 is reportedly expected for December due to the "sustainability of
the recovery in the VIP business” although it predicted that this would decline
in 2017.
Source: GMB / Worldcasinodirectory.com
