Macau Dec. GGR seen up 8-10 percent: Bernstein

Macau’s gross gambling revenue is expected to gain between 8 and 10 percent in December over the same month a year ago, according to Bernstein Research.

The firm notes that December last year was a weak month, making year-on-year comparisons more favorable.

Month-to-date, GGR has been MOP7.9 billion ($984 million), according to Bernstein’s channel checks. The average daily rate so far is up 5 percent compared with November and down 1 percent from October. The average daily rate is up 20 percent from Dec. last year.

“MTD VIP volume and mass GGR are estimated to be up low to mid-single digits, whereas MTD VIP hold rate is projected to be approximately 3.1 percent, slightly higher than normal range,” it said.