Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!
US Online Casino SitesUK Online Casino SitesOnline Blackjack Casino SitesOnline Slots Casino SitesRoulette Online Casino Sites

New Survey Shows Chinese VIP Gamblers Are Spending Heavily

Brokerage firm Sanford C. Bernstein has published a new report which gives insight into the spending habits of gamblers from Mainland China at Macau’s casinos. Five analysts from Bernstein took a survey on Macau’s premium mass gamblers and published their findings in a report entitled ‘2017 Bernstein China premium consumer usage and attitudes survey’.

The paper points out that all gaming spends in Macau can be classified as premium as premium mass was a different market segment. The survey showed that average Chinese gambler spends around CNY20,000 per trip and that the premium market would grow at a 28 percent compound annual growth rate (CAGR) during the next 5 years.

The survey also highlighted that 61 percent of gamblers from the Mainland are male and the most important factor for them when choosing a Macau casino was ‘functionality’. The average Chinese gambler based their choice of casino on a number of factors including hotel accommodation, non-gaming activities and the overall casino environment.

In a statement, analysts from Sanford C Bernstein said

Premium customers remain critical for long-term Macau growth, as wealthier customers spend more and visit more frequently: and the population of this demographic is increasing. Over the next 10 years, Macau is estimated to have 6.4 percent CAGR in GGR, with VIP CAGR of 4.8 percent and mass CAGR of nearly 8 percent. The key driver of mass will be premiumisation overnight visitors, staying longer and spending more

The survey found that Sands China properties were the most frequented amongst all Macau casinos and it did not come as a surprise as Sands China has a major hotel room presence in Macau along with critical mass. Wynn Macau Ltd and Melco Resorts were the two casino operators that attracted the biggest percentage of high income customers while casino properties operating under the SJM Holdings license tended to attract older customers.

The report also pointed out that although Macau has seen an increase in visitors from the Mainland during the last couple of years, Macau’s casinos continued to have a very low penetration in Mainland China. As of now, Macau’s casinos reach close to 5 percent of their potential market which is defined based on an individual’s reasonable income.

Macau’s casinos have always relied in its VIP market segment which once generated more than 50 percent of GGR. Ever since the anti corruption crackdown was launched by Beijing in 2014, Macau’s casino operators have focused on other market segments to make up for the decline in VIP gaming revenue.

Related Articles

Crown Resorts Shuts Down Field Offices Across Asia Amidst China Crackdown

Australian casino operator Crown Resorts Ltd has shut down its network of offices across Asia, triggering concern that it may

UKGC Report Shows Online Gambling Has Increased By 10 pct

The latest annual report released by the UK Gambling Commission (UKGC) shows that the online gambling industry in the UK

Billionaire Says Macau Collapse Will Not Hurt Philippine Casino Industry

The casino industry in the Philippines is growing at a rapid pace as the market has looked to capitalize on