Premium mass gambling rising in Macau, says analyst

Wednesday, September 12, 2018

Premium mass gambling has become more competitive in Macau, while the VIP sector has decelerated due to the depreciation of the yuan and the mainland's economic slowdown, says CLSA's head of Asia gaming and conglomerates, Jonathan Galligan.

The derating of Macau’s gambling sector is overdone as the balance sheet and cash flow are all promising.

As for the Japan, he expects casinos to reach the high-end customers, when the the market opens up in 2026.