Macau gross gambling revenue experienced decent growth in the first week of August, but Bernstein analysts expect the pace to moderate in the coming weeks.
According to the brokerage’s channel checks, month-to-date ADR for the first week of August reached MOP 880 million (US$108.9 million), up 20 percent from the similar period in 2017.
Month-to-date VIP hold rate was above normal, while mass GGR was likely up mid-single digits and VIP volume up mid/high single digits.
Based on the readings, Bernstein says it expects August GGR to reach between MOP 26 billion and MOP 26.5 billion, an estimated year-on-year increase of 15-17 percent, in line with earlier estimates.
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