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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, Jan 15, 2018

Melco Resorts & Entertainment Ltd is proud to announce the winning of three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation for the hospitality sector.

MacauMonday, Jan 15, 2018

The second week of January saw stronger GGR numbers, says brokerage firm Bernstein, which has revised up its GGR estimate for the month.

MacauFriday, Jan 12, 2018

A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking.

Elsewhere, MacauTuesday, Jan 09, 2018

Casino operator MGM recently supported a University of Macau (UM) study tour to Las Vegas.

MacauTuesday, Jan 09, 2018

The Adelson Family Foundation on Tuesday presented a cheque for more than $1.9 million to the University of Saint Joseph.

MacauTuesday, Jan 09, 2018

The Hong Kong-Zhuhai-Macau Bridge is set to open in the second quarter of 2018, according to people familiar with the matter.

MacauMonday, Jan 08, 2018

The first week of January saw month-to-date GGR performing slightly lower than its 2017 counterpart, according to channel checks from Bernstein.