Lower spending tourism dominating in Macau: Bernstein

tweet Macau's gross gambling revenue in the week to May 23 was up 12 percent from the prior week, but was still 6 percent lower than April, with the lower end tourism market comprising the majority of arrivals, according to Bernstein Research. The firm said average daily GGR in the latest week came in at MOP246 million ($33 million). The figure was about 50 percent of the revenue generated during the recent five-day Golden Week holiday. "While visitation remained stable, GGR weakness signals many of the visitors to Macau are largely lower end tourists who are travelling due to travel…