Macau mass spending up 40 % compared to same period in 2019 in gaming sector
Monday 05 de June 2023 / 12:00
2 minutos de lectura
(Macau).- Macau’s mass market trends have appeared to be “very encouraging”, with spending per mass-market visitor rising by 35 to 40 per cent compared to the same period in 2019, Deutsche Bank Securities Inc’s analysts said.
In a Sunday update, the investment bank said that the mass market had shown “a higher ceiling”, as the spending per mass visitor had increased by 35 to 40 per cent as of April this year compared to the 2019 level.
Analysts Carlo Santarelli, Steven Pizzella, and Alfonso Straffon have revised their market outlook for 2024 in light of the recent sell-off in the gaming sector, which has hit Macau-centric stocks particularly hard.
Although gross gaming revenue (GGR) will only recover to 64 per cent of 2019 levels next year in the worst-case scenario, as the analysts pointed out, Wynn Macau, Sands China, and MGM China are expected to see their margins expand by approximately 200 to 400 basis points.
In the base-case scenario, in which 2024 GGR will recover to 74 per cent of 2019 levels, each of the three gaming operators is expected to see their margins expand by 400 to 600 basis points.
If 2024 GGR is to recover to 85 per cent of 2019 levels, Wynn, Sands and MGM will see their margins expand by 500 to 700 basis points each, said the analysts.
By Therese Tu
Categoría:Reports
Tags: Sin tags
País: Macao
Región: Asia
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 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.