Gaming revenues ‘flat’ despite daily visitor numbers uptick

Gaming revenues have remained ‘flat’ during the April 19-25 week despite improved visitor numbers, brokerage Sanford C. Bernstein indicated in a dispatch.

The local gaming sector was said to have generated some MOP7.1 billion (US$888 million) between Apr 1 and 25, with an average daily rate of MOP284 million, with Bernstein analysts noting with mass results continued to outperform VIP.

Daily visitor arrivals to and departures from Macau reached 50,300 to 64,400 per day in the last week up from 30,000-40,000 earlier this year and 14 per cent higher than the March average.

However, Bernstein noted that most of the increase in visitors has included low spending customers, with the ‘key question’ for the labour holiday period on May 1-5 will be if high rollers stay away from Macau.

‘The key question will be average spend as it is possible that high rollers may stay away from Macau during the holiday period,’ the brokerage added.

Meanwhile, April is expected to finish with gaming revenues 4 per cent higher than March.