Macau casino gross gaming revenues (GGR) increased 14% in the first week of December, according to a Monday note by brokerage Sanford C. Bernstein Ltd. Daily mass-market GGR rose by 20% compared with November’s daily average.
According to the brokerage, the average daily rate for GGR from December 1 through December 5 was MOP260 million ($32.4million), compared with MOP228 million in the previous week.
Sanford Bernstein analysts Vitaly Umansky, Louis Li, and Kelsey Zhu stated, “We forecast December GGR to be down 68% versus December 2019, i.e., up 9 percent month-on-month, as mass improves but VIP faces headwinds.”
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