Macau gross gaming revenue for the first week of March was in line with expectations, at MOP 3.2 billion with an ADR of MOP 630 million, said Bernstein in a note on Monday.
The month-to-date ADR was down 23 percent compared to February but +18 percent over a similar period in 2016.
Assuming an ADR of MOP 625 to 640 million for the remaining days of the month, the brokerage estimates March GGR to be in a range of MOP 19.4 billion and MOP 19.8 billion. This would represent a year-on-year increase in March of +8 percent to +10 percent, said the brokerage.
In February, gross gaming revenue reached MOP 23 billion, representing year-on-year growth of 17.8 percent.
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