Macau GGR headed for 5 – 7 percent increase in Nov: Bernstein

Macau gross gaming revenue over the last week was MOP 3.5 billion, with an ADR of MOP 583 million, said Bernstein in a note on Monday.

“As expected, this is well below last month’s daily rate of MOP 704 million which included the Golden Week Holiday, and below September’s ADR of MOP 613 million.”

“The GGR during the first week was positively impacted by good VIP hold rate (but volume slow down) with Mass being at September levels,” said the brokerage.

Assuming an ADR of MOP 570 – 590 million for the remainder of the month, November GGR would be in the range of MOP 17.2 billion and MOP 17.7 billion, said Bernstein, resulting in a year-on-year increase of +5 to +7 percent.