[ET Net News Agency, 13 November 2018] HSBC Global Research cited its Macau gaming
sources noting that the first 11 days of November yielded MOP9.25bn in gross gaming
revenue (GGR). This implies an average daily run rate (ADR) of MOP840m/day, compared with
MOP783m/day last month and MOP807m/day for the same week last year.
By segment, the research house estimated that VIP daily volume was flat compared with
October, while mass GGR was down 5% MoM. VIP/premium mass demand gradually picked up post
traffic control during President Xi's visit in late October and the seasonal slowdown post
golden week. The fact that the first 10 days covered two sets of weekends also helped to
boost the numbers.
By operator, Wynn (01128), MGM (02282) and Galaxy (00027) seem to have gained share from
the rest. Based on the current run rate, HSBC expects the full month to finish between
MOP23.5-24.3bn, tracking the growth of 2% to 5% YoY. (KL)
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00027 GALAXY ENT
Nominal 
33.650 -0.400 (-1.175%) Others
13/11/2018 15:29
[I-bank focus]Macau November GGR seen to track 2-5% - HSBC
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