Chart of the Day: An analysis of the monthly average minimum bet levels in Macau
- Not surprisingly, average minimum bets continue to fall at the premium mass levels
- What is surprising is that grind mass minimum bet levels are also falling at a similar rate. Grind mass shouldn’t be impacted as much by the corruption crackdown as much as VIP or premium mass.
- Operators began lowering minimum bet levels in August – remember that July 2014 was the first month of mass revenue growth deceleration. See our 06/13/14 note “MACAU: HANDICAPPING MASS DECELERATION” which was predicated in part to the lapping of the big hike in table minimums beginning in July 2013.
- While investor focus has rightly been on the poor performance of the VIP and premium mass segments, grind mass is also under significant pressure as the chart below indicates
