GGR to increase 13-15 percent in April: Bernstein

Macau GGR is expected to reach MOP 19.6 to 19.9 billion for the month of April, representing growth of 13 to 15 percent year-on-year, according to estimates from Bernstein.

“Our channel checks indicate that Macau’s GGR (gross gaming revenue) month-to-date (Apr 1-23) was MOP 15.2 billion (US$1.9 billion), with an ADR (average daily rate) of MOP 661 million,” said the brokerage in a note on Monday.

Bernstein said the weekly ADR number was relatively weak due to “seasonal slowdown between the Easter holiday and the Labor day holiday,” but says it expects ADR to increase week-on-week in the lead up to the Labor day holiday.