The nine-month run of decline in Macau gross gaming revenue is “not a major concern” for the city’s government, reported brokerage CIMB Securities, citing the local gaming regulator.
The report from Michael Ting and Jensen Poon, Hong Kong-based investment analysts, said that stance had been “implied” at a recent meeting CIMB had with the Gaming Inspection and Coordination Bureau, also known as DICJ.
“Our main motivation to meet with the DICJ was to gather its views on what positive policy measures can be enacted to help stop the trend of negative gaming revenue growth,” said the analysts.
“Much to our surprise, the DICJ implied that the current negative run-rate of gaming revenues is so far not a major concern,” they added.
