With only one week to go, March performance in terms of gaming revenues here are looking bleak. According to Wells Fargo checks, revenues from casinos are likely to decrease from between 37 to 39 per cent this month from a year ago. Despite being a recovery compared to February, when revenues dived 50 per cent, it’s still the second worst performance ever in terms of year-on-year growth.
Last week, casinos here generated a daily MOP696 million in revenues, 6 per cent below the previous week (MOP737 million) and also less that the average since January (MOP701 million). The almost 40 per cent expected decrease in revenues this month is again driven by the VIP segment but the mass segment continues to deteriorate, ringing alarm bells as Macau moves from a VIP to a mass dominated market. Revenues from high rollers are estimated to suffer a fall of between 40 to 50 per cent year-on-year, while mass gambling revenues are likely to drop 25 to 40 per cent.


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