Casinos face margin pressure as gaming commissions hit record high
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Macau casino promotional spend reaches record 20.9% of GGR amid intense rivalry
Competition has a price, and in Macau it is taking a record share of casino win. CBRE says commissions, comps and other player incentives reached 20.9 percent of GGR in the second quarter, even though absolute spending eased, with elevated reinvestment continuing to squeeze margins. South Korea’s GKL, meanwhile, saw August casino sales fall 11.3 percent despite a higher drop, highlighting that more money wagered does not always mean more revenue…
Casinos face margin pressure as gaming commissions hit record high
Local casino operators are facing increased margin pressure as competition for high-value customers drives gaming commissions to a record share of gross gaming revenue, according to CBRE Equity Research. Gaming commissions accounted for 20.9% of industry-wide gross gaming revenue in the June quarter, the highest level on record, analysts John DeCree and Max Marsh said in a research note. The elevated ratio reflects intense promotional activity, …
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
