Sterne Agee maintains May GGR growth outlook at 12-17 percent

    Macau table-only gross gaming revenue was MOP19.2 billion ($2.4 billion) through May 18th, with a 15 percent run rate year-over-year, according to Sterne Agee, which maintained its forecast for GGR growth for the full month of between 12 and 17 percent. Average table GGR was MOP 920 million, down slightly from MOP 1.3 billion the prior week. The firm said that it continues to speak with operators regarding the fallout from the government’s smoking ban and that feedback continues to show the impact will be benign. There is only likely to be minor disruptions as smoking pods are constructed, while some operators are saying the government is likely to be flexible about its October 6th non-smoking ban deadline.