• 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 October GGR to expand at least 4pct: analysts

Oct 16, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau October GGR to expand at least 4pct: analysts

Macau casino gross gaming revenue (GGR) for October is on track to expand by between 4 percent and 7 percent year-on-year, suggested a Monday note from brokerage Sanford C. Bernstein Ltd.

“Macau’s GGR month-to-date [November 1 to 14] was approximately MOP14.3 billion [US$1.8 billion], an average daily rate of approximately MOP1.0 billion,” said analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu. They cited as the basis of the information “channel checks”, understood to include industry unofficial data.

“Assuming a GGR average daily rate of MOP790 million to MOP820 million for the remaining days of the month, we estimate October GGR to a range of MOP27 billion and MOP29 billion, an estimated year-on-year increase in October of +4 percent to 7 percent,” added the Sanford Bernstein team.

The October improvement could be at least 100 basis points above the bottom of that range, according to a Monday note from Japanese brokerage Nomura.

“October GGR should be up approximately 5 percent to 10 percent year-on-year,” stated the Instinet LLC research arm of Nomura.

Analysts Harry Curtis, Daniel Adam and Brian Dobson added: “Despite a tougher one-year growth comparison for the month… our October estimate implies 220 basis points to 720 basis points of accelerating GGR growth versus last month’s +2.8 percent number, primarily driven by stronger-than- expected demand during Golden Week.”

The latter was a reference to China’s Golden Week holiday marking National Day. China’s State Council declared October 1 to October 7 as this year’s National Day holiday period. According to previous reports by several analysts, Macau’s casino sector posted a strong revenue performance in the holiday period, with average daily revenue rising to about MOP1.2 billion to MOP1.3 billion (US$162 million) between October 1 and 7.

Macau GGR in October last year recorded the highest figure for 2017, at MOP26.63 billion, according to previously-issued data from the local regulator, the Gaming Inspection and Coordination Bureau.


  • tweet
Related articles
  • ‘Investor-abandoned’ Macau has comeback path: JPM
    ‘Investor-abandoned’ Macau has...

    Nov 29, 2022  

  • Macau October visit tally up 4pct month-on-month
    Macau October visit tally up 4pct...

    Nov 21, 2022  

More news
  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

  • Macau GGR for March 1 to 19 at US$845mln: JP Morgan
    Macau GGR for March 1 to 19 at...

    Mar 20, 2023  


Latest News

Nagasaki says Credit Suisse woes not to impact IR plan

Nagasaki says Credit Suisse woes not to impact IR plan

Mar 20, 2023  

Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
Read More
Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Macau GGR for March 1 to 19 at US$845mln: JP Morgan

Mar 20, 2023  

Let’s Win hosts grand opening for club at Hoiana in Vietnam

Let’s Win hosts grand opening for club at Hoiana in...

Mar 20, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


1.59 million

Total number of visitor arrivals to Macau in February



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Macau visitor tally up 14pct m-o-m in FebruaryMacau visitor tally up 14pct m-o-m in February March 17, 2023
  • LET Group flags 2022 loss of US$52mln, Hoiana repays loanLET Group flags 2022 loss of US$52mln, Hoiana repays loan March 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us