Macau’s 41 casinos delivered less than expected in May with revenue slowing to 12.1 per cent growth in May, compared to 27.6 per cent in April and 22.2 per cent in March.
However, it has a very important reason to happen like that according with the experts that had analyzed the situation, and according to those experts June would be no different as last month, well with the FIFA World Cup the players will still being away from table games and slot machines to focus their effort in sports betting.
“The tournament has historically accelerated the rate of month-to-month decline in Macau’s market-wide gross gaming revenue. We would not be surprised to see investors use the May comparison as a reason to take a breath and lock in profits ahead of what could be a tricky June period impacted by the forthcoming World Cup.” Said Steven Wieczynski of Stifel Nicolaus Capital Markets
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The Deutsche Bank expects also a fall during the tournament, “We see limited historical evidence to support a material impact from the World Cup or Euro Cup events. We expect some VIP softness, but it would nothing more than a transitory impact.” Stated Carlo Santarelli, Deutsche Bank gaming analyst
