Gross gaming revenue results in the second week of the month were weaker than the first week of July, but the average daily rate (ADR) registered over the two weeks saw a 35 per cent year-on-year increase, hitting MOP725 million, while that of the second week was MOP686 million, according to analysts at Bernstein.
Analysts at Telsey Advisory Group saw the opposite, with higher average daily revenues in the second week, indicating MOP770 – MOP790 million during the period, as compared to MOP680-690 million the previous week.
The analysts at Telsey are estimating a 25 to 28 per cent year-on-year increase in gross gaming revenues, while those at Bernstein are estimating July gross gaming revenue reaching MOP21.7 billion to MOP22.1 billion, noting ‘this would represent a year-on-year increase in July of 22 per cent to 24 per cent.’
Second quarter
According to the latest breakdown released by the Gaming Inspection and Coordination Bureau (DICJ) yesterday, overall casino gaming saw a 17.24 per cent year-on-year uptick in revenues in the first half of the year, while total gaming revenues in the same period were up 17.1 per cent year-on-year. During the second quarter, a 22.87 per cent increase in casino gaming was recorded, despite only seeing a 0.92 per cent uptick quarter-to-quarter. Total casino game revenues hit MOP126.37 billion during the first half year, with MOP62.89 billion recorded in the second quarter.
VIP Baccarat revenues recorded during the second quarter of the year saw a 34.86 per cent increase year-on-year, but only a 1 per cent increase quarter-to-quarter, reaching MOP35.86 billion. First half-year VIP Baccarat revenues reached MOP71.35 billion, a 25.21 per cent year-on-year rise.
Slot machines saw a 4.88 per cent drop in revenues during the quarter, compared to the first quarter, but underwent an 8.38 per cent rise year-on-year, hitting MOP3.07 billion during the quarter and MOP6.32 billion during the half-year. Meanwhile, Live Multi Game terminals saw a 9.25 per cent year-on-year uptick during the second quarter, with revenues reaching MOP614 million, and hitting MOP1.18 billion during the half-year.
The total number of gaming tables in the MSAR fell quarter-to-quarter, from 6,423 to 6,413, however the total number of casinos in the territory remained unchanged at 39.
The amount bet on greyhound racing saw a 48.54 per cent drop year-on-year during the second quarter, with the total only reaching MOP53 million. Revenues from the activity also experienced a 50 per cent drop year-on-year and a 10 per cent drop quarter-to-quarter, at MOP11 million. Those of horse racing fell 9.7 per cent quarter-to-quarter and 24.32 per cent year-on-year, to MOP28 million during the period.
