November GGR expected to rise 15 percent year-on-year

Macau’s gross gaming revenue (GGR) is expected to be in the range of MOP18.7-MOP18.9 billion in November, representing an increase of 13.9 to 15 percent year-on-year, said Bernstein in a note on Tuesday. 

GGR month to date is MOP17 billion, implying an ADR of MOP629 million for the month, said the brokerage, adding the ADR numbers for the last week (Nov 21-27) represent an 11 percent decline week-on-week, but a 16 percent increase over the same period in 2015.

“Both VIP and Mass showed weakness on week-on-week basis, but VIP hold remained elevated this past week (and the whole month), and there was variance amongst the operators and between direct VIP and junket VIP,” it added.