Macau´s October Golden Week set to disappoint: analysts
Tuesday 24 de September 2019 / 03:14
⏱ 2 min read
(Macau).- Gaming analysts have revealed modest expectations for Macau’s gaming operators in the upcoming October Golden Week, with a lower quality customer tipped to negatively impact the VIP and premium mass segments.
In its weekly channel check published late Monday, brokerage Sanford C Bernstein warned that the trend for Golden Week, running from 1 to 7 October, is “not looking optimistic.”
“While hotel bookings are solid, we expect the quality of the customers will be lower (i.e. lower spend per head) this year,” said analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu.
“Room comps will be high during the period, but likely go to an average lower spend customer than in 2018. Consequently, higher end play will likely remain tepid during Golden Week and during the whole of October.”
The prediction is in line with a difficult period for Macau’s operators who are feeling the squeeze from the US-China trade war, recent negative publicity surrounding junkets and the ongoing Hong Kong protests. Those headwinds have seen analysts revise down their forecasts for the current month of September, with Bernstein reducing its September estimate from slight growth to flattish and JP Morgan tipping year-on-year growth of 1% to 2% despite “very easy comps.”
“September is set to be another month to forget for Macau, following two months of GGR misses,” said JP Morgan’s DS Kim on Monday.
“All eyes will be on October Golden Week trends, for which we’ll get some color around 7 to 8 October.”
Macau’s gross gaming revenue fell 3.5% in July to MOP$24.45 billion and 8.6% in August to MOP$24.26 billion, missing estimates by some margin in both months.
Categoría:Gaming
Tags: Sin tags
País: Macao
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
