December GGR headed for 7-9 percent increase

Gross gaming revenue for the month of December is expected to be between MOP 19.6-20 billion, a 7-9 percent year-on-year increase, according to the latest note from Bernstein.

According to the brokerage, Macau’s gross gaming revenue month-to-date is MOP 11.8 billion, with month-to-date ADR at MOP 653 million.

In a note from Buckingham Research on Monday, ADR performance last week (December 12-18) was in line with the first 11 days of the month.

It also notes that “there is no indication of an impact to GGR performance from the recent reduction in Union Pay per transaction limit to MOP 5,000.”