Macau mass spending up 40 % compared to same period in 2019 in gaming sector
Monday 05 de June 2023 / 12:00
⏱ 1 min read
(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
SiGMA North America 2026
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LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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