Macau’s January GGR set to make huge recovery

Brokerage Sanford C. Bernstein revealed Macau’s January GGR will recover and reach its highest figures since July.

Macau.- Brokerage Sanford C. Bernstein assessed the Macau gaming market and revealed that, during the first week of the month, GGR was running behind 2017. However, last Monday the firm suggested January’s GGR could be Macau’s highest since July as it is set to make a major recovery from the first few days of the year.

“Our channel checks indicate that Macau’s GGR month-to-date (January 1 to 14) was approximately € 1.1 billion, an average daily rate of approximately € 9 million,” stated analysts Vitaly Umansky, Zhen Gong and Cathy Huang and said: “Assuming a GGR average daily rate of € 74.3 to 76.3 million for the remaining days of the month, we estimate January’s GGR to a range of € 2.37 and 2.4 billion, an estimated year-on-year increase in January of 22 to 24 per cent, which is higher than our previous estimates.”

According to Bernstein experts, VIP volume so far “was likely up by a high single-digit percentage rate month-on-month… and back to November’s level, and mass was likely flat month-on-month.”