Gaming

Big punters still present at Macau casinos

Wednesday 21 de August 2024 / 12:00

⏱ 1 min read

(Macau).- Most gamblers to Macau have managed to visit local casinos with funds obtained in legitimate ways in spite of a widely reported crackdown on unlicensed money touts, Citigroup analysts have pointed out.

Big punters still present at Macau casinos

In their latest note on Macau gaming, analysts George Choi and Ryan Cheung said that the observed premium mass betting had risen not only year on year but also month on month.

“Our survey continues to show that demand by mainland Chinese players remains robust,” commented the pair.

As many as 25 whales, betters who gamble at least HKD100,000 (US$12,509) each hand, have bet as much as HKD600,000 per hand, they added.

“There were a total of six whales betting HKD$130,000 to HKD330,000 during our short visit to Galaxy Macau’s Horizon Room,” the analysts said.

“Three whales betting between HK$100k-330k were seen at Wynn Palace’s Chairman Club,” they added.

According to their observation, the observed wager has risen 35 per cent year on year to HKD12.8 million in August, propelled by a year-on-year increase of 40 per cent in higher player count.

The number of August premium pass punters stands at 655 – 40 per cent higher compared to a year earlier.

This suggests that the average wager per player fell to HKD19,606 this month, marking a 7 percent decline from HK$21,193 a month earlier.

“We think this is just reflecting normal seasonality – the data we gathered from our surveys in 2019 show similar MoM decline in wager/player (-6%),” the analysts wrote.

Galaxy Entertainment Group has been ranked first with a 29 percent market share in total wager observed – up from about 25 per cent a month earlier.

32 per cent of the 25 whales observed were said to have played at Galaxy casinos.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia

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