Macau’s gross gaming revenue is up 20% year-on-year so far in December, according to brokerage Sanford C Bernstein, thanks to “strong volume and the two weekends during the first 10 days of the month.”
In a Monday note, Bernstein analysts estimated an average daily rate (ADR) of MOP$825 million between 1 and 10 December, up from MOP$686 over the same period in 2016 and 7% higher than November which booked an ADR of MOP$768 million.
They added that VIP hold rate appeared normal with both mass and VIP likely up by “high single digits” sequentially.
Bernstein is predicting December GGR to come in at between MOP$24 billion to MOP$24.4 billion, representing an increase of 21% to 23% year-on-year.
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