Macau GGR dips 18pct w-o-w on VIP hold says Bernstein


Source: ggrasia.com ggrasia.com

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Nov 16, 2021 Newsdesk Latest News, Macau, Top of the deck   Macau daily casino gross gaming revenue (GGR) for the secondweek ofNovember was down 18 percent week-on-week, even amid a pickup in visitor volume to the city from mainland China, estimates brokerage Sanford C. Bernstein Ltd. GGR for the seven days to November 14 inclusive was “negatively impacted by very low VIP hold,” said a Monday memo from analysts Vitaly Umansky, Louis Li and Kelsey Zhu. The institution estimated the average daily rate of Macau GGR for the period was MOP194 million (US$24.2 million), versus MOP235 million in the...