August GGR estimates hold steady

Macau recorded gross gaming revenue of MOP9.6 billion (US$856.8 million) between August 1 to 13, recording a slight month-on-month decline in ADR (MOP738 million) compared to July.

According to Bernstein, business volume saw a sequential month-on-month increase into the summer holiday, however, MTD VIP luck factor was below the normal range.

The brokerage says it estimates GGR of MOP 740  – MOP 770 million in August, representing a year-on-year increase of 22 to 25 percent, the same as previous estimates.