Macau’s mass gaming market likely to improve steadily – Deutsche Bank
Friday 06 de October 2023 / 12:00
⏱ 1 min read
(Macau).- Macau’s mass-market gross gaming revenue (GGR) has now recovered to a level slightly below that of 2019, while VIP segment GGR has surged to 35 per cent of pre-pandemic levels, according to brokerage Deutsche Bank.
In a recent report, analysts Carlo Santarelli, Steven Pizzella, and Alfonso Straffon noted that the trajectory of visitation in Macau had shown consistent improvement with package tour volumes also on the rise.
As a result, the mass gaming market has appeared to be steady, and further sequential improvement is expected to be seen in the upcoming months.
The analysts said that concerns surrounding the recovery trajectory in Macau may have been misguided, and they caution against attaching too much significance to short-term and relatively “insignificant datapoints”.
Commenting on Las Vegas Sands(LVS), Deutsche Bank expects that the recovery in Macau and its growth prospects to serve as a differentiating and attractive factor for dedicated US consumer investors.
Given competitor supply additions on Cotai and the gradual increase in visitation, the report suggested that recapturing its pre-pandemic mass gaming market share in the near to medium term could pose a challenge for LVS.
“Over the next several years, with recent tower openings at Galaxy and Studio City, and potentially more capacity coming at Galaxy, we estimate LVS hotel room footprint will represent ~40% of the Cotai market,” the analysts said.
Deutsche Bank’s updated model projects that the group’s Macau property EBITDA will reach 2019 levels by 2025, with Macau margins exceeding 2019 levels in 2024.
By Therese Tu
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
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
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 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.
