Southern Finance News reporter Tian Jing sent from Macau, the Macau Gaming Monitoring Coordination Bureau announced that the betting income of December 2021 was 7.962 billion yuan (Macau Yuan, the same), which was 1.8% from 2020. The betting income in 2021 was 86.863 billion yuan, reaching 43.441 billion yuan in 2020, fell 70% compared with $ 2,92.555 billion in 2019, that is, 2021 gambling income returned to 30% before the epidemic.
The industry is expected to be more than 100 billion yuan
Macau’s responsible Gaming Association, Song Weijie said in an interview with Southern Finance and Finance Media reporter, subject to Criminal Law Amendment and Two The influence of Bo-Bottime epidemics, in early November 2021 he expects 2021 national betting income between 85.5 billion to 88 billion yuan, \”data and expectation is not large.\” For 2022, he is expected to be 100 billion in Macau Gaming Income.
The global passenger consumption and economic environment have changed due to epidemic, and Song Weigu expects consumption patterns in Australia in 2022 to change, and the level of 2019 is still taken for a long time before the epidemic.
Song Weijie said that now Macau and the Mainland are normal clearance. If Hong Kong and the Mainland, and Macau and Hong Kong can freely pass the customs clearance, they should release the intensive intends to return Hong Kong’s backlog, stimulate tourism, and also drive the Bo industry Entertainment consumption has a positive role in Macau tourism and gaming industry.
In the past few years, the gaming income structure has changed. In 2019, the total gaming revenue of the VIP room has fallen to 46%, and the first three seasons in 2021 will have further fell more. 35%, including gaming intermediaries and 6 bloggers from the contribution of the VIP space, including about 20 percentage points, and the six-family deputy company accounted for 15 percentage points.
However, some of the bloggers will terminate cooperation with gaming intermediaries, most betting intermediaries will be returned, and the relevant demand is estimated to be transferred to the high-end midfielder and Boxing self-operated VIP room. So Song Weijie said that he was influenced by \”Sun City Incident\”. Most of Macau’s VIP hall closed. In January 2022, Macau gaming income data was released to specifically see the impact of this incident on Macau gaming revenue.
The Macao Sale Chief Executive He Yicheng said in an interview with media that the Macao SAR Government did not make any administrative intervention, such as canceling the VIP room or the VIP room. He has repeatedly emphasized the relationship between the VIP Hall and Bao Ying, the government between the Government, the cooperation system of the VIP room and the approval company, and has no direct relationship with the government. He also said that it is known that the proportion of business in the nearly 5 years is constantly narrowing, the highest peak of the VIP room is in 2013, 2014.
Song Weijie believes that in the future, Macau will still have the existence of the VIP, but the model will be different from now, gradually close to the customThe \”company Hall\” model, and the proportion of the VIP room will also decline, accounting for 5% to 10%.
Macau gaming industry or in the coming months again
Previously, the market generally expects the Gaming income of the VIP room in December 2021 to drag down the overall gaming income. In addition, it is expected that the gaming income of December 2021 is about 7 billion yuan. Today, the actual data is slightly higher than the market expectation, and the incident has actually impact on the gaming income or not imagined.
Citibany research report pointed out that Macau’s betting income reached 7.962 billion yuan in December 2021, which is far better than expected, about 35% of the same level in 2019, with average gaming income of 257 million yuan, far high Market forecast. Although Sun City incidents and many blogs have terminated the betting intermediary business in December, the VIP room stops operating, but betting income is still 18% monthly month, which may be more stable to visit Australia before and after Christmas.
Citigroup expects that the betting income will reach 6 billion yuan in January 2022, that is, 24% in the same period of 2019, and the lunar New Year factor has been taken into account, and it is estimated that the first two months of betting income will reach 14.5 billion in the first two months of 2022. Yuan, fell by 5% year from the year.
The BMBM issued a research report pointed out that Macau December 2021 was better than expected 6.2 billion yuan to 6.8 billion yuan, and the monthly growth was benefited from Christmas holidays, and the entry and exit policy relaxed and Macau. The activities held by the Tourism Bureau, indicating that the valuation of the Macau gaming industry is still attractive, maintaining the constructive view of the industry in the next 12 months, and believes that the short-term VIP room business chaos and policy risks have basically digested, and Hong Kong is expected to Hong Kong , The opening of Macao and the mainland border, plus gambling revisions will be more clear, will also promote the Macau gaming industry to revalinate in the next few months, and it is expected that the betting income of January 2022 is 7.8 billion yuan, down 3.4% year-on-year.
Big and published research reports, Macau’s gaming intermediary supervision may be compared with Singapore, think that this is one of the world’s most stringent gaming intermediary requirements. Investors pay attention to whether the Gaming income of Macau VIP room has fallen to zero, the trip that the exit of the intermediary is smaller in the industry 2022 to 2023, the market is expected. The line expects that the VIP room will accounted for 5% to 10% in June after the announcement of the new law in June, but only 2.9% this year is expected to be 6% next year.
Dahe expected Jinsha China, MGM China and Wongli Macau 3 US-Hong Kong operators can better deal with the transition from the \”Macau\” intermediary to internationally recognized intermediary, so they will Before enhancing internationalization, surpassing other three operators.
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