SVA – Macau – Oriental Daily News
MACAU’S GGR DOWN AGAIN: FORECAST SAYS JANUARY GGR WILL FALL BY 20%
Macau's average daily gambling revenue shrinks again Macau’s gambling revenue fell again. U.S.-based brokerage Sanford C. Berntein quoted industry information showing that in the week from 10 to 16 of this month, Macau’s average daily gambling revenue was 244 million patacas, down 8.17% week-on-week; the first 9 days of this month
The average daily gambling revenue of 266 million patacas also fell by more than 9% on a week-on-week basis. Epidemic rebounds, tourists drop Macau's gaming revenue got off to a bad start this year, against the backdrop of strong tourist numbers.
In fact, from the 1st to the 12th of this month, the number of inbound and outbound tourists in Macau increased by 20% compared with the daily average in December last year. As for the prosperity of the gambling industry and the lack of wealth, the bank believes that it is related to the rise in the number of confirmed cases of new coronary pneumonia in the neighboring areas of Macau.
In order to fight the epidemic, the Macau authorities tightened nucleic acid testing requirements for immigrants on the 14th and 16th of this month. On the 14th, the number of arrivals dropped by 40%, so the bank believes that the number of tourists will continue to decline in the future. The bank also believes that this month's gambling revenue has also continued to be plagued by some gaming companies suspending the business of gambling junket operators (Jeckers), and the recent VIP casino revenue has dropped by 40 to 50%.
As a result, the bank expects the full-month gambling revenue of January this year to be 7.96 billion patacas, down about 20% month-on-month. On the other hand, the market's recent focus has been on the draft amendment to the Gaming Law submitted by the Macau government to the Legislative Council.
Risk assessment agency Steve Vickers and Associates released a report, frankly admitting that the draft has political considerations, to achieve the purpose of controlling capital outflow, and the draft also emphasizes the importance of national security, which undoubtedly increases the political risk of foreign investors. New gambling licenses may focus on local gaming companies.
The agency also pointed out that when the bill was submitted, the local government did not mention the process of bidding for new gambling licenses, nor did it encourage any type of companies to do so. Of course, the current licensees will seek to win the gambling licenses again.
However, the agency also reminded investors that geopolitical tensions and the possibility of escalation will make the Macau government likely to favor local bidders, or at least require foreign applicants to change the shareholder structure to prevent problems in the future. Therefore, the agency believes that among the existing license owners, there may be gaming companies that have not been able to obtain new gambling licenses.
(Original – Chinese version)
澳門賭收再度下跌，美資券商Sanford C. Berntein引述行業資訊顯示，本月10至16日的一周，澳門每日平均賭收為2.44億澳門元，按周下跌8.17%；本月首9天的日均賭收2.66億澳門元，按周亦下跌逾9%。
另方面，市場近期焦點都落在澳門政府向立法會提交的修改《博彩法》草案之內。風險評估機構Steve Vickers and Assoicates發表報告，坦言草案有政治上的考量，要達到控制資本外流的目的，草案又強調國家安全的重要性，無疑令境外投資者的政治風險上升。