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November GGR expected to increase 18 to 19 pct


Macau GGR over the last week was in line with expectations, with ADR reaching MOP 743 million (US$92.2 million), up four percent from the previous week, according to Bernstein analysts.

Bernstein, which publishes a weekly report on GGR in Macau, noted that month-to-date GGR reached MOP 19.6 billion, while month-to-date AFR was MOP 752 million.

“GGR recovered last week after slowing down during the Macau Grand Prix,” it said.

Bernstein also noted that the VIP hold rate was slightly above normal in the last week.

For the whole month, Bernstein estimates GGR to reach MOP22.2 to 22.3 billion, an increase of 18 to 19 percent year-on-year.

It also says it expects mass to be up low to mid-teens year-on-year, while VIP will likely to be up mid to high 20s percent year-on-year.

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