CreditSights: Still too early to deem Macau gaming softness as structural

Financial research firm CreditSights says it is not yet ready to declare Macau’s softer gaming environment as structural rather than cyclical, with the soon-to-be-released October GGR figure to provide greater clarity given the headwinds of recent months. In its latest Macau Gaming Monitor, CreditSights noted that the year-on-year declines in June and July – when GGR fell by 12.1% and 8.4% respectively – should be excluded because they were largely impacted by the football World Cup.