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Online News For Geoglobal Resources

Macau VIP GGR growth in 2Q slowest since end-2016

Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 14.4 percent year-on-year in the second quarter of 2018, to MOP41.04 billion (US$5.13 billion), according to data released on Monda...

Spain confirms tax cuts, including reduced GGR, for gambling firms in new budget

Proposed in April and now confirmed, the Spanish Parliament has, in its new budget, written into law several cuts on gambling taxes which should provide a boost to the industry. The decision comes as ...

Macau clampdown fears overplayed so far: Union Gaming

On Monday the institution mentioned it was also reducing its 2019 gross gaming revenue (GGR) forecast slightly, to 12 percent year-on-year improvement. But its analyst Grant Govertsen wrote in the sam...

Mass market drives Macau casino growth in Q2

Data released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) on Monday showed that Macau VIP GGR grew at a pace of 14.4 percent to MOP41.04 billion (US$5.13 billion) in Q2, almost near th...

Macau mass market gaming growth still in the shadow of a trade war

These lines come right below a picture of a bustling Macau casino bursting to the brim with mass market patrons (emphasis mine): Macau casinos reported gross gaming revenue (GGR) of MOP90.9 billion (U...

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