Asia Gaming eBrief: Macau casino promo spend hits record 20.9% of GGR
Competition has a price, and in Macau it is taking a record share of casino win. CBRE says commissions, comps and other player incentives reached 20.9 percent of GGR in the second quarter, even though absolute spending eased, with elevated reinvestment continuing to squeeze margins. South Korea’s G…
Competition has a price, and in Macau it is taking a record share of casino win. CBRE says commissions, comps and other player incentives reached 20.9 percent of GGR in the second quarter, even though absolute spending eased, with elevated reinvestment continuing to squeeze margins. South Korea’s GKL, meanwhile, saw August casino sales fall 11.3 percent despite a higher drop, highlighting that more money wagered does not always mean more revenue. In India, tax investigators traced $7.4 billion in illegal betting transactions and want payment records to reveal which websites direct the funds. The post Asia Gaming eBrief: Macau casino promo spend hits record 20.9% of GGR first appeared on Asia Gaming News | AGB - Asia Gaming Brief.