July GGR estimated to reach 2-4 percent growth: Bernstein
An easing of year-on-year comparisons will see July GGR grow between 2-4 percent year-on-year, say analysts from Bernstein.
According to channel checks from the brokerage, Macau GGR for the first week of July reached MOP5.95 billion (US$741 million), with an MTD ADR of MOP 850 million.
The MTD ADR number is up 3 percent compared to the similar period in July 2018.
VIP volume is estimated to be down mid to high single digits compared to June, but VIP GGR is helped by a better than normalized hold rate. Mass GGR is estimated to be up mid-single digits percentage month-on-month.
“Year-on-year comparison began to ease in June as expected, and it should continue as we head into July,” said the brokerage.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.