Bernstein revises down Macau November GGR forecast

Bernstein Research has revised down its forecast for Macau’s gross gambling revenue in November, given the figures in the month to date remain soft.

In a Monday note, the firm said it now sees GGR down in the low 70s percent. In last week’s market check, Bernstein said it had been expecting a decline in the high 60s.

Average daily revenue in the week to Nov. 22 was down 73 percent on the same period a year ago and six percent lower than the three-week period following Golden Week.