Macau’s ADR higher than expected

Macau's economy continues to grow on gaming. (Credits: South China Morning Post)
Macau's economy continues to grow on gaming. (Credits: South China Morning Post)

A new report revealed that last week’s ADR in Macau was higher than it was initially anticipated.

Macau.- Investment brokerage company Bernstein revealed yesterday that month-to-date (MTD) average daily rate (ADR) was higher than expected, as gaming revenue in Macau reached a total of US$950 million, meaning that MTD ADR was US$85 million.

As AGBrief revealed, the number is 18 percent higher than what was registered a year before. Bernstein confirmed that if the ADR gross gaming revenue (GGR) stays from US$75 million to US$80 million, the estimate for June’s GGR could be between US$2.3 billion and US$2.4 billion, a 23 to 28 percent anually.

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.

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