August GGR off to a strong start, VIP and mass volume up

VIP and mass volume saw an increase in the first week of August, with weekly GGR (August 1-6) reaching MOP4.5 billion, according to a note from Bernstein on Monday.

Month to date ADR reached MOP750 million, which was 1 percent higher compared to July ADR and 28 percent over the prior-year period.

Assuming an ADR GGR of MOP740 to 760 million for the remainder of the month, August GGR is estimated to reach MOP23 to MOP23.5 billion, representing a year-on-year increase of 22 to 25 percent, said Bernstein.

More news from this jurisdiction

MacauMonday, Oct 23, 2017

VIP has continued to show strength in October, with the month’s GGR estimated to record a year-on-year increase of 13-15 percent, wrote Bernstein in a note on Monday.

MacauMonday, Oct 23, 2017

Visitors to Macau increased 2.4 percent year-on-year in September, reaching a total of 2.5 million arrivals, according to data from the Statistics and Census Service (DSEC).

MacauMonday, Oct 23, 2017

Casino operator Sands China says it has earned multiple awards in Greater China this year for its innovative human resources initiatives.

MacauSunday, Oct 22, 2017

Luxury hotel operator The 13 Holdings has announced it is planning to raise around HK$1.7 billion (US$217.8 million) through a rights issue and a placing of loan notes.

MacauFriday, Oct 20, 2017

Luxury hotel and casino company The 13 Holdings has requested a trading halt on the Hong Kong Stock Exchange, effective Friday, October 20, 2017.

MacauThursday, Oct 19, 2017

SJM Holdings CEO Ambrose So has opened a solo calligraphy exhibition in the Portuguese capital, Lisbon, aiming to promote understanding of Macau’s role in bridging the cultures of the east and west.

MacauThursday, Oct 19, 2017

Jurisdictions that offer wide and frequent access to gambling may see more cases of problem gambling than gaming meccas such as Macau and Las Vegas.