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The volatility of the game is low, meaning players will most often pick up a lot of smaller wins to keep feeding their bankroll in hopes of the bigger feature wins, which can be substantial. The Venetian Macau showed the best mass market to VIP balance of any Macanese concessionaires in Q3-2012 with mass market (table games only) revenue of 7. That number plumetted to ....

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14 by January 2, 2015 with a near even mix of mass market to VIP revenue at Venetian Macau compared to other concessionaires.China’s elite do not disclose details to government statisticians) the top 1% are not the only contributors to the VIP tables.This small sample should corelate directly to 2014 profit or loss if the drop is solely attributable to VIP gamblers, but it doesn’t....

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Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance. Wynn Macau was the extreme exception and saw a Q3-2014 mass gaming revenue increase year to year of nearly 40% while VIP revenue on drop was 17.The government crackdown on corruption, which may be rampant in many elements of Chinese business, has definitely driven high stakes players from the tables, giving operators more than a nudge to diversify their top-heavy VIP dependent business model....

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The Chinese economy is vast and complicated, and as far as we can know the part of the corruption crackdown that stymied the junkets could be a shakedown that will mysteriously evaporate as soon as the Big 6 in Macau show some interest in neighboring Hengqin.Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance. Wynn Macau was the extreme exception and saw a Q3-2014 mass gaming revenue increase year to year of nearly 40% while VIP revenue on drop was 17....

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The icons for the game are colorful glowing dragon eggs. But that’s another story altogether. A shrinking, or less robust economy will certainly drive the numbers at the casinos....

 

 

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