According to Bernstein analyst, GGR in Macau is set to reach US$2.7 billion and increase up to 19 percent in November.
Macau.- Bernstein Financial Services Inc released a weekly report on gaming gross revenue (GGR) in Macau and projected it will reach, at least, US$2.7 billion and will increase by 18 to 19 percent in November. Annalysts noted GGR has recovered “after slowing down during the Macau Grand Prix” and explained it recorded the expected figures after ADR reached US$92.2 million and rose by four percent since last week.
According to Bernstein’s report, month-to-date GGR reached US$3.94 billion and month-to-date AFR was US$91.85 million.
The financial services company reported that last week the VIP hold rate was above normal by a small margin and estimated the 18 to 19 per cent jump for Macau’s GGR as it expects it to reach between US$2.711.650.000 and US$2.723.860.000.
According to the weekly report, there’s a projection for mass to be low to mid-teens year-on-year byt the VIP numbers are expected to continue to rise and be up mid to high 20s percent year-on-year.