" Macau will never again reach the peak it previously achieved"
ev25 Macao’s rapidly rebounding visitor numbers are not translating to growth in per-person gross gaming revenue (GGR) at the city’s casinos, according to financial research group CreditSights. A recent note from analysts Nicholas Chen and David Bussey, cited by Inside Asian Gaming, observed that per-person GGR may have passed its peak, partly due to the collapse of the junket market . Junket operators specialise in bringing affluent VIP gamblers to the SAR, but a number of high-profile criminal convictions has been accompanied by government crackdown on the once-incredibly profitable segment of the gaming industry in recent years. Chen and Bussey also noted that visits from China’s more wealthy provinces – the likes of Guangdong, Jiangsu, Zhejiang, Beijing, Shanghai and Tianjin – had already recovered to their pre-Covid 19 numbers. “Any further visitation upside from mainland China would likely largely come from the other provinces with lower [...