Casino gross gaming revenue (GGR) in Macau SAR rose by 22.20% year-on-year in March 2018, to MOP25.95 billion (USD3.21 billion), according to the Gaming Inspection and Coordination Bureau(DICJ).Gaming revenues in February was MOP24.30 billion (USD3.03 billion).The latest monthly result puts the market’s accumulated 2018 year-on-year growth at 20.50%or MOP76.51 billion (USD9.56 billion). March GGR benefited from junkets’ annual and spring dinners (over 6,000 guests joined) as well as a full month contribution from MGM Cotai’s 1,000 rooms and 150 odd mass tables. Average daily GGR reached to MOP850 million/day (USD106.25 million/day) in the first quarter of 2018, the highest level since 2015. If GGR continues at MOP850 million (USD106.25 million/day) for the rest of 2018, 2018 GGR could be up by as much as 17% year-on-year, implying upside to the estimation of +16% year -on-year.
At the end of 2017, there were 40 casinos, of which 22 were run by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Sands China Ltd, four by Melco Crown (Macau), two by Wynn Resorts (Macau) and one by MGM Grand Paradise with a total of 6,419 gambling tables and 15,622 slot machines. Two of Sociedade de Jogos de Macau’s casinos – Macau Palace and Greek Mythology – are provisionally suspended, according to the DICJ.