Macau gaming market off to a good start in 2017: analysts

Lady luck is starting to smile at Macau as unofficial industry returns shows a strong gaming market in January.

Different analysts are predicting a positive gross gaming revenue for January as unofficial data shows that daily casino GGR surged by as much as 30 percent compared to the daily average in the final week of December.

They expect January GGR to be further boosted by the Chinese New Year, which has fallen this year to January 28.

“As January 28th approaches in Macau, the start of the Chinese New Year, we expect ADR to moderate and then to pick up towards the end of celebrations, per normal trends,” Christopher Jones, an analyst from The Buckingham Research Group, said. “Given that Chinese New Year (CNY) fell on February 8th last year, we are expecting January GGR to be especially strong, only to give way to a challenging February, given the comparisons.”