Ggr Macau’S Annual Indicators Look Pale
In general, this year, the ggr reduction trend of ggr prevailed in the ggr igor. Even a few bright months with relawively impressive results could not improve the overall picture.
Due to the low indicators of factors that could have a positive effect on the development of the industry, analysts decided to revise forecasts regarding the financial results of the last quarter of 2019. According to updated information, ggr is expected to be reduced from 3 to 9%.
Nomura brokerage experts noted that the year turned out to be more difficult than expected. Thredict that ggr in the fourth quarter of the current year will decrease by 8%, which is 300 base points below the level of market consensus. Ggr vip-segment, according to specialists, will be reduced by 26%, but financial indicators of the mass segment will increase by 14%.
Nomura analysts harry curtis, daniel adam and brian dobson believe that in part in the fall of the next month may be caused by the influence of the chinese new year. Visitors will prefer to come to the capital of gambling during the celebration of gambling during the celebration of the celebration, which will be held in january, ignoring the december holidays.
According to analysts from the sanford bernstein brokerage company, in the fourth quarter it is worth expecting a reduction in ggr to 7 points. The drop in indicators in the vip segment will reach 26%, and the mass market will improve positions by 9%.
One of the factors that can have a negative impact on the gambling industry macau and its economic indicators – the visit of president of china si jinping, scheduled for next month. The essence of the head of the prc will be accompanied by the strength of free movement in the city. Nevertheless, official information on the visit of a special administrative district has not yet been confirmed.
Exacerbate the overall situation of prostests in hong kong, which recently hardened significantly. According to analysts from sanford bernstein, despite the fact that in the third quarter, the riots in hong kong did not have a significant impact on ggr, the escation of the conflict could be an important factor in the last quarter of the current year.
Specialists also celebrate the indirect influence of the us trade war and the pc, which took place throughout the year.
Recall that in the first quarter of this year, ggr macau amounted to 37.21 billion patac ($ 4.61 billion).