Friday, July 01, 2022

March GGR seen up as much as 15 percent: Bernstein


March gross gambling revenue is on track for an estimated increase year-on-year of between 12 percent and 15 percent, assuming average daily revenue of MOP770 million to MOP790 million for the rest of the month, according to Bernstein analysis.

For the first week of the month, through to March 4, ADR was MOP750 million, which it said was 19 percent above the first four days of March last year. The note points out that this year, the first four days of the month included a whole weekend period.

“According to our channel checks, the VIP hold rate so far during the month has been slightly below normal level.”

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