Tuesday, September 27, 2022

Macau weekly GGR in line: Oct to grow 4-7 pct


Bernstein analysts have slightly lowered their Macau GGR forecast for October, now estimating the month to post year-on-year growth of 4-7 percent.

Last week, Macau weekly GGR came in at MOP 14.3 billion, with MTD ADR of MOP1 billion.

Bernstein said the results were 19 percent higher than October 2017 ADR, and 2 percent below the similar period last year.

Mass volume is estimated to have grown between 16-18 percent, with VIP volume growth between 5-6 percent, said the brokerage.

Assuming GGR ADR of MOP790 - MOP820 million, Bernstein estimates October GGR to a range of MOP 27 - MOP 29 billion, an increase of 4-7 percent.

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