Macau’s August GGR gets reviewed

Monthly estimates for gross gaming revenue in Macau have been reviewed by analysts after the most recent week.

Macau.- Brokerage Sanford C. Bernstein Ltd reviewed the monthly estimates for gross gaming revenue in Macau with the latest occupancy rates information from August 14-20, the most recent week.

As the weekly report from Bernstein revealed, there was strong occupancy, and Macau experiences gross gaming revenue month-to-date of US$1.9 billion. Moreover, ADR for last week was US$100 million, AGBrief reported. Mass was also up by single digits, whilst VIP recorded mid-single numbers. Month-to-date ADR was approximately 4 percent up from July’s ADR and 32 percent from August 1-21, 2016. MGM and Sands both increased share month-on-month, Wynn and SJM experienced a share decline month-to-date.

With an ADR GGR of US$87.6 million to US$92.4 million estimated for the remaining of August, Bernstein said that gross gaming revenue could reach between US$2.8 billion and US$2.9 billion, a 24 to 26 percent increase when compared to last year’s results.

Last week, the Japanese brokerage Nomura said that based on average daily returns, August GGR is likely to be 23 percent up. As the number is considerably higher, it would still be down from July’s year-on-year increase. According to the numbers from August 1-13, month-on-month numbers declined in ARD to US$89 million when compared to last month’s results. “Our year-on-year estimate for August implies approximately 600 basis points of decelerating growth versus 29 percent in July,” said Nomura.