Gross Gaming Revenue to drop 16 to 18 pct in January

Casinos in Macau will register a drop of 16 to 18 per cent year-on-year in terms of Gross Gaming Revenues (GGR), the data accessed by news agency Lusa suggests. In relation to market share, Galaxy Entertainment Group will have the largest slice of revenue. Data related to gaming promoters MGM, Galaxy and Wynn indicate that for January there will be a drop ranging from 16 to 18 per cent year-on-year, resulting in an amount ranging from MOP23.56 to MOP24.14 billion. Galaxy Entertainment Group, which in May will open Galaxy Macau Phase II and Broadway Galaxy, is tipped to top the market in terms of market share, followed by SJM Holdings and Sands China. GGR registered a year-on-year drop for the first time in 2014, dropping 2.6 per cent from MOP360.7 billion in 2013 to MOP351.5 billion. Lusa