The first ten days of November are off to a slow start in Macau, with month-to-date average daily revenue (ADR) down 10 percent year-on-year, according to a note from Bernstein on Tuesday.
According to channel checks, Macau GGR for November 1-10 is estimated to be MOP7.5 billion, with mass remaining robust, rising by low double digits. However, VIP volume is likely down around 30-39 percent on a year-on-year basis.
With this data in mind, analysts are expecting November GGR to be down 6 – 10 percent year-on-year, lower than estimates from Bloomberg, which is situated at -5 percent.
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.