• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau Oct GGR to decline by as much as 6pct: Bernstein

Oct 15, 2019 Newsdesk Latest News, Macau, Top of the deck  


Macau Oct GGR to decline by as much as 6pct: Bernstein

Casino gross gaming revenue (GGR) in Macau for October is likely to be down between 3 and 6 percent judged year-on-year. That is according to Sanford C. Bernstein Ltd.

A Tuesday note published by the brokerage said that Macau’s GGR for the first 13 days of October was estimated to be around MOP12.6 billion (US$1.56 billion).

Analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu added: “Higher end play remained soft post Golden Week, as we have expected, and will likely stay so for the rest of October.”

China’s State Council declared October 1 to October 7 as this year’s National Day holiday period, also known as autumn Golden Week. This is usually a peak season for Macau’s tourism and casino industries as hundreds of thousands of mainland Chinese tourists take advantage of the weeklong break to visit Macau. However, according to several analysts, casino GGR in the city for the 2019 autumn Day Golden Week actually posted a decline compared with the same period one year before, despite the increase in visitor arrivals during the holiday.

Sanford C. Bernstein stated in its Tuesday note that the average daily rate for GGR in Macau for the six-day period between October 8 and 13 stood at MOP750 million. “Mass volume is estimated to have improved by high single digits and VIP volume to have declined by low 20s of percent on a year-on-year basis,” the brokerage added.

In a separate note, brokerage Nomura said it was still expecting “roughly flat GGR growth in October” for Macau’s casino industry. “However, November/December comps become tougher, so we would not be surprised if, as in the third quarter, GGR declines on a year-over-year basis in the fourth quarter,” stated analysts Harry C. Curtis, Daniel Adam and Brian Dobson.


  • tweet
Related articles
  • Macau repeat visitors denied visa by China says Bernstein
    Macau repeat visitors denied visa by...

    May 16, 2022  

  • Philippines 1Q casino GGR up 15pct q-o-q to US$627mln
    Philippines 1Q casino GGR up 15pct...

    May 11, 2022  

More news
  • Fitch flags Universal Ent founder spat, upgrade on Manila IR
    Fitch flags Universal Ent founder spat,...

    May 20, 2022  

  • Minority parties table Thai law amendment for casinos
    Minority parties table Thai law...

    May 20, 2022  


Latest News

Fitch flags Universal Ent founder spat, upgrade on Manila IR

Fitch flags Universal Ent founder spat, upgrade on Manila IR

May 20, 2022  

Fitch Ratings Inc acknowledged in a Thursday note that Japanese leisure conglomerate Universal Entertainment Corp, the ultimate parent of the Okada Manila casino resort in the Philippines, was a...
Read More
Minority parties table Thai law amendment for casinos

Minority parties table Thai law amendment for casinos

May 20, 2022  

Melco to launch new family attraction at Studio City in June

Melco to launch new family attraction at Studio City in

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
  • Bloomberry plans 3rd Philippine casino, coastal near ManilaBloomberry plans 3rd Philippine casino, coastal near Manila May 19, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us