Gross gambling revenue in Macau is expected to drop again this month, analysts are predicting.
Analysts at UBS expect this month’s GGR to fall between 32 per cent and 37 per cent year on year, while Sterne Agee is forecasting a drop of between 33 per cent and 38 per cent.
The recent openings of Galaxy Entertainment’s Galaxy Phase 2 and Broadway Macau properties failed to deliver as much traffic as expected.
Casino revenue in Macau fell for the 12th consecutive month in May in the face of Chinese clampdowns and a slump in economic growth.
Source: Asia Gaming Brief
