Macau (MNA) – Marking the highest gross gaming revenue recorded over the last eight months, brokerage Union Gaming stated in its latest note that the favourable performance of August this year ‘is cause for optimism as trends have accelerated into the end of summer’.
The city’s gaming industry had generated MOP26.56 billion for the month of August, up 17.1 per cent when compared last year’s MOP22.68 billion.
Union Gaming also pointed out that this year’s August was favourable vis-a-vis the same month last year which the super Typhoon Hato destructed the city.
The brokerage estimated that mass performance would remain the strongest segment, with the rate increased at or above 20 per cent.
On the other hand, with the junkets expressed a stable performance in the VIP, Union Gaming predicted that VIP would remain ‘in the mid-teens’.
‘To date, there has been no negative reaction (or even precautions) taken by VIP customers as it relates to trade wars and the potential impacts thereof,’ reads the lated note.
The brokerage added that customers of the VIP and premium segment ‘have not changed trip frequency or their wallet size’.
In regards to the outlook for the third quarter this year, Union Gaming adjusted forecast higher to 14 per cent growth, while remaining September forecast of 15 per cent increase.