The festivity increased gaming gross revenue by 4% in Macau and recorded US$1 billion.
Macau.- Bernstein Research has revealed that gaming gross revenue (GGR) totalled US$1 billion from February 1-10, which represents an average daily rate of €52.5 million, or a 4% increase from January.
Despite the modest increase from January operations, GGR during the Chinese New Year was down by 3% when compared to the same period in 2018. An increase in low-single digits is expected for mass GGR, while VIP volume will likely increase in high-single digits.
“While visitation was robust during holiday period, many high rollers have stayed away from Macau (as is frequently the case). We are likely to see some strengthening in high end play during the second half of this month,” Bernstein said, according to AGBrief.
Bernsetein added that the estimates for February 2019 indicate that there will be a GGR growth of 2% to 5% year-on-year, and that the January-February period could be down in single digits.