High rollers' lucky streak spells bad luck for Macau's casino takings
Wynn Macau shares lead losses with a 7% slide as big gamblers pocket bigger-than-expected wins
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WHEN high rollers are the biggest drivers of Macau's casino revenue, it's much harder for analysts to predict betting results. The hub's casino stocks tumbled on Monday, with Wynn Macau leading losses after gaming revenue rose almost 15 per cent in December to 22.7 billion patacas (S$3.63 billion) - missing the median estimate of a 20 per cent increase in a Bloomberg survey.
Analysts attributed the unexpected slower growth to bad luck for casinos as gamblers took home greater-than-expected winnings. Many of those winning gamblers were high rollers. High stakes players will continue to dominate in 2018, and these smaller groups of elite players are expected to bring gaming revenue turbulence with them.
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