Macau’s GGR expected to grow in December

The latest estimations by Bernstein Research indicate that GGR will increase between 8 to 10%.

Macau.- Bernstein Research has released its first estimations for December’s gross gaming revenue (GGR) in Macau and indicated that it is expecting an 8% to 10% growth for the region when compared to the same period a year ago.

Bernstein detailed that the year-on-year comparison is especially favourable for this year as December 2017 was a weak month. Month-to-date results show that GGR reaches the US$984 million mark, while the average daily rate has increased by 5% when compared to November and decreased 1% from October.

“Month-to-date VIP volume and mass GGR are estimated to be up low to mid-single digits, whereas month-to-date VIP hold rate is projected to be approximately 3,1%m slightly higher than normal range,” said Bernstein Research.

Last month, GGR increased 8.5% year-on-year; it is estimated that the US$3.1 billion figure recorded by the bureau was boosted by a solid demand from Chinese punters keen to play in the country’s only legal casino hub. Despite a growing economic concern in China regarding the high-end VIP segment, November marked the 28th consecutive monthly rise and the fastest since August 2018.