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Dec. GGR heading for 17-19 percent gain: Bernstein

Gross gambling revenue in December is heading for a gain of about 17 percent to 19 percent compared with the same month last year, though could surprise to the upside is the Christmas and New Year period is stronger than expected, Bernstein Research wrote in a note.

According to channel checks, the firm said GGR in the month through to Dec. 17 was MOP 13.1 billion ($1.6 billion), making an average daily rate of MOP 770 million.. For the week ending Dec. 17, ADR was down 16 percent week on week and up 16 percent year on year. Month-to-date, ADR is flat compared with November and up 18 percent on last year.

“The VIP hold rate during the month is slightly below normal. This month, both Mass and VIP are roughly flat m/m,” it said, though warned that weekly channel checks can prove highly volatile and “less than accurate.”

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