Macau’s GGR on track for 16 pct growth

Bernstein foresees that gross gambling revenue will increase between 16 to 18 per cent in June.

Macau.- Bernstein Research foresees that gross gambling revenue is on its way to a 16 to 18 per cent growth in June if the current daily rate is maintained through the whole month. Last month the gambling hub reported underwhelming results, which were off the predictions that were made throughout May.

The firm said that month-to-date numbers show that the total GGR has been US$1 billion which sets an average daily rate of MOP850 million. The ADR number is also three per cent higher than May and 28 per cent higher than the one reported during the same period last year, AGBrief reported.

“The withdrawal of Union Pay POS machines at the Cotai casinos seems to have limited impacts. And the first ten days included two weekends, which helped as well,” adds Bernstein Research. 

“Historical efforts by central banks and monetary authorities (such as reducing the daily and annual ATM withdrawal limit, connecting ATM cards to IDs, and implementation of facial recognition) have had minimal impact on GGR, while making the industry structure much more robust and sustainable in the long term. We expect this to be similar.”