After total gaming sales in the public market reached ‘record levels’ in Q4

JP Morgan, according to a report from Inside Asian Gaming. Even though the former Portuguese enclave saw total gaming revenue in the last three months of 2020 decline nearly 70% year-over-year to about $2.73 billion. Rather than being discouraged, the investment firm reportedly pointed to the fact that mass market gaming accounted for about 75% of the closing tally, which it declared was “the highest level ever.” 카지노사이트

JPMorgan analysts Derek Choi and DS Kim reported that casinos in their former Portuguese enclave also reportedly posted average daily total gaming revenue of about $29.67 million during the fourth quarter, with VIP receipts down 80% year over year. Experts also reported a 63% drop in bulk market receipts over the same three months, even as local operators should be able to earn positive returns before interest, tax, depreciation and amortization areas due to “high bulk mixing and relatively resilient non-game segments.”

“This is already well known in our last earnings, but it’s still a relief to see that we’re no longer recording big losses.”

Citing official information from the Gaming Inspection and Coordination Bureau, the source explained Macau’s total gaming revenue fell 65.8% year-over-year in December, slightly exceeding $978.89 million. Finally, local casino operator MGM China Holdings Limited reported the largest market share in the 31-day period from premium bulk offerings, while fellow SJM Holdings Limited reported the biggest loss due to its reliance on VIP players.

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