Official data released on Tuesday showed Macau’s VIP Baccarat gross game sales (GGR) market size was down 35.8% year-over-year and 39.9% for the whole of 2015.
These VIP revenues were approximately MOP 29.59 billion (US$3.68 billion) in the three months to Dec. 31, compared to MOP 460.6 billion in the previous year. For all of 2015, VIP Baccarat GGR was approximately MOP 127.82 billion, and for 2014 it was MOP 212.544 billion
Large-scale market gambling, including playing with slot machines, fell 14.5 percent year-on-year in the three months to Dec. 31 and a 25.9 percent year-on-year decline, the Game Inspection and Coordination Bureau, a local casino regulator, said.
This public market GGR for the three months to Dec. 31 was about MOP 25.24 billion, compared with MOP 29.52 billion in the previous year.
Popular market revenue accounted for 46.0% of total revenue in the fourth quarter of 2015, compared to 39.1% in the fourth quarter of 2014. Popular market revenue for the whole of 2014 was MOP 138.99 billion for the whole of 2014.
It had already been announced on January 1 by the local gaming regulator that Macau’s total casino revenue for 2015 had slipped 34.3 percent year-on-year to MOP230.84 billion. That was a major deterioration from the 2.6 percent decline from the prior-year period seen in calendar year 2014.
Investment analysts were waiting for official confirmation of the split between VIP and mass revenue in the fourth quarter for any clues those data might give about the direction of the industry in early 2016. A number of analysts had pointed out — in notes issued at the end of 2015 — that after 19 straight months of year-on-year GGR decline, year-on-year comparisons in the first half of 2016 were likely to be easier than those between 2014 and 2015.
A note in early January from brokerage Sanford C. Bernstein Ltd in Hong Kong — quoting unofficial industry returns — estimated mass-market gambling contributed more than half of Macau’s December GGR. But the brokerage said its calculation included adjustments that sought to “rectify the distortion caused by the smoking-related reclassification of premium mass [gambling] and for other reporting shifts by certain operators”.
According to the data released on Tuesday, GGR from slot machines was approximately MOP2.95 billion in the fourth quarter of 2015, down 5.8 percent on the MOP3.13 billion tally in the prior-year period.
For full-year 2015, slot revenue was approximately MOP11.75 billion, 18.6 percent down on the 2014 aggregate of MOP14.44 billion.
Revenue from live multi game products — those featuring table-style games with live dealers but electronic betting and electronic bet settlement — was MOP551 million for the fourth quarter 2015, compared to MOP595 million in the prior year period, a decline of 7.4 percent. Such revenue for calendar year 2015 was approximately MOP2.12 billion, compared to MOP2.26 billion in 2014, a fall of 6.2 percent year-on-year. 바카라사이트 순위
Wells Fargo Securities LLC said in a note on Friday the brokerage expected Macau’s January GGR to decline “in the mid-teens” of percent judged year-on-year. It noted that Chinese macroeconomic factors that could influence Macau gaming revenues during 2016 included indications that “China’s foreign exchange regulator wants to limit yuan outflows,” while “new non-performing loans held by Chinese banks more than doubled in 2015”.
