Macau headed for 13-14 percent growth in March

Gross gaming revenue in Macau over the last week reached MOP 5 billion (US$625 million), implying ADR of MOP 714 million, according to a note from Bernstein on Monday.

The results brought month-to-date gross gaming revenue to MOP 17.5 billion, indicating a ADR of MOP 673 million for the month.

“Compared with February's ADR of MOP 821 million, the MTD ADR of MOP 673 million was down 18 percent,” noted Bernstein.

“VIP remained strong and luck factor during last week was at a normal level according to our channel checks,” it added.

Bernstein estimates March GGR to be in the range of MOP 20.3 billion and 20.5 billion, representing an increase of 13 to 14 percent year-on-year.

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