Macau reports slight GGR drop

Macau financial results perceived a slight decline during last week’s casino activities.

Macau.- Asia Gaming Brief has shared the reports of investment brokerage company Bernstein about Macau’s casino industry. According to the statement, last week’s results showed a slight decline of casino activities. The report revealed a month-to-date Gross Gaming Revenue (GGR) of US$2.22 billion.

The small drop appeared in comparison with week-on-week reports. As Bernstein announced, the Average Daily Revenue (ADR) also closed on US$88.8 million. Furthermore, the month-to-date ADR has fallen 2 percent compared to May’s total ADR and 38 percent compared to the same period of 2016.

However, the company also expects the total June’s GGR to end on US$2.6 billion, which would represent a year-on-year increase in June GGR of 31 to 32 percent.

Last month, the brokerage said that Macau is set to decrease its gaming gross revenue (GGR) during the second quarter of 2017 after relatively good results in the first quarter. Nevertheless, the city is also expected to increase the number 16 percent. During the second half of the year it is expected to reach a 5 to 6 percent increase, which would also represent a 10 percent growth for 2017.