Macau GGR saw a slight uptick last week, with ADR recovering marginally week-on-week as a result of a higher VIP hold rate, said the brokerage.
Gross gaming revenue reached MOP 11.7 billion (US$1.5 billion) in the September 1-17 period, with MTD ADR is now tracking slightly higher than earlier estimates at MOP 688 million (compared to MOP 680 million from September 1-10).
Should the trend continue, Bernstein estimates September GGR to reach between MOP 20.4 to 20.7 billion, representing an increase of 10 to 12 percent year-on-year.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Nagasaki Governor Hodo Nakamura has announced that his prefecture’s RFP process would commence from January 7, showing his eagerness to get an early jump on compiling an IR licensing proposal that cannot be submitted until at least October, under the revised timeline.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.