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ADR saw marginal recovery last week

Macau GGR saw a slight uptick last week, with ADR recovering marginally week-on-week as a result of a higher VIP hold rate, said the brokerage.  

Gross gaming revenue reached MOP 11.7 billion (US$1.5 billion) in the September 1-17 period,  with MTD ADR is now tracking slightly higher than earlier estimates at MOP 688 million (compared to MOP 680 million from September 1-10).

Should the trend continue, Bernstein estimates September GGR to reach between MOP 20.4 to 20.7 billion, representing an increase of 10 to 12 percent year-on-year.

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