Macau casino revenue fell in January, the first year on year decrease since July 2016. The 5% decline to US$3.1 billion doesn’t mean Macau has begun a replay of the 2014-2016 slump that cratered casino revenue by 36%. Going down 5% “wasn’t THAT bad,” JPMorgan head of Asia gaming, lodging and leisure DS Kim writes in a research note. Kim adds that January marks a third consecutive month Macau gaming revenue has beaten expectations; the January consensus forecast was a drop of 9% consensus. That won’t necessarily produce the gaudy headline casino revenue numbers VIP gaming can, but it’s a more profitable play.

Source: Forbes February 02, 2019 04:38 UTC