Bernstein estimates near-flat GGR growth for Oct

Macau gross gaming revenue has been trending weaker this month, with GGR ADR in the last week only 4 percent above the similar period last year.

According to channel checks from Bernstein, MTD ADR was MOP929 million, while MTD GGR was 19.5 billion.

Mass volume is estimated to have grown of 13-15 percent month-to-date, however, VIP volume is estimated to only have grown 0-2 percent.

Assuming GGR ADR of MOP710 – 740 million for the remainder of the month, Bernstein estimates October GGR to a range of MOP26.5 to MOP27 billion, an estimated year-on-year increase in October of 0-1 percent year-on-year.