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Macau GGR reaches MOP 223 billion in 2016

Macau’s gaming sector raked in a total of MOP 19.8 billion (US$2.5 billion) in December, a 8 percent year-on-year increase, according to data from the Gaming Inspection and Coordination Bureau.

The full-year finished with MOP 223 billion, down 3.3 percent compared to 2015, which was in line with analyst expectations.

Looking ahead, analysts said they expect January to be a big growth month due to Chinese New Year, and a public holiday on January 2.

“Even though the January calendar is unfavorable with one fewer Friday and one fewer Saturday, we expect the growth rate could be the highest yet during the recovery period,” said Union Gaming in a note on Monday.

The brokerage says it expects January ADR to be MOP 705 million, and to grow in the “high single digits” relative to January 2016.

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