Gaming revenue in Macau for the first week of April was lower than expected and “relatively disappointing”, according to Bernstein in a note on Monday.
“The MTD ADR number was lower than our expectation and relatively disappointing considering the fact that last week actually had two weekends,” said the brokerage.
Month-to-date ADR was 5 percent lower than the March ADR, it added.
Assuming an ADR of MOP 650-670 million for the remainder of the month, March GGR is estimated to be in the range of MOP 19.5 - 19.9 billion, representing a year-on-year increase of 13-15 percent, said Bernstein.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264