Macau GGR hits MOP11.2b in first week of March

    Macau’s gross gaming revenue hit about MOP11.2 billion ($1.4 billion) through to March 9th in an “encouraging start” to the month, Sterne Agee says in a note. The firm expects March GGR of MOP36.8 billion, up 18 percent year-on-year. According to its early checks, Sterne Agee says Las Vegas Sands may have seen its market share slip back in March after taking the lead in February. LVS probably benefited from its high hotel capacity over the Chinese New Year period, while its hold rate was slightly off in the first nine days of March, it said.