Daily Asia Gaming eBrief: Macau GGR at $348 million in the first five days of November

Good Morning: Macau's November results are lagging behind the ever-popular Golden Week month of October, but gross gaming revenue still reached $348 million in the first five days. Analysts at Citigroup note that November is typically the slow month in the quarter, estimating around $2 billion in GGR during the month. Meanwhile, the hotel sector in Macau saw lower-than-expected results in October, with most visitors not choosing to stay overnight.

What you need to know

• Macau's GGR amounted to $348 million from Nov. 1-5, with a daily run-rate 9 percent lower than the final eight days of October.
• October hotel visitation in Macau, while impressive, failed to match the industry's expectations, with patrons cautious in their spending.

On the radar

• PH senator calls for further investigations into Pasay City POGO.
• Malaysian hotel room prices could jump 30 pct after new tax enforced.
• Philippines received nearly 4.1 million foreign tourists in 10 months.
• Singapore investigating 42 for alleged links to illegal gambling operations.
• DigiPlus reports 10-fold income growth in 1Q-3Q.
• Air Macau concession extended until aviation law’s completion.

AGB Intelligence

MACAU

Macau GGR at $348 million from Nov. 1-5, month expected to hit $2 billion

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