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.
