Bernstein Research channel checks indicate Macau GGR for the month through September 13 was MOP8.35 billion ($1 billion).
Last week’s average daily rate was MOP607 million, lower than previous week’s ADR of MOP 683 million – a recent high partly due to the Victory Day holiday – and on par with August’s ADR of MOP 601 million.
Assuming ADR of MOP600 million for the remainder of this month, Bernstein estimates August GGR to be MOP18.6 billion, representing a year-on-year decline of 27 percent.
MGM and Melco gained the most market share, while Sands lost the most market share.
“This is partly likely due to volatility of hold rates. We would caution that week-to-week fluctuations in market share may not be relevant due to highly unpredictable nature.”