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00200 MELCO INT'L DEV
RTNominal down5.300 -0.010 (-0.188%)
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11/12/2018 17:54

[I-bank focus]Macau Dec GGR growth seen up 8-12% - Citi

[ET Net News Agency, 11 December 2018] Citi Research cited its Macau gaming sources
noting that GGR (gross gaming revenues) for the first nine days of December could have
reached MOP7.9bn. The daily run-rate improved to MOP877m (versus MOP833m in November).
Wynn (01128), Galaxy (00027) and Sands (01928) reportedly gained share at the expense of
the others.
Citi conservatively raised its December GGR forecast from MOP24.5bn (+8% YoY) to
MOP25.5bn (+12% YoY), implying a daily run-rate of MOP800m for the rest of the month.
Traditionally, the second half of December is usually stronger than the first half, Citi
said. (KL)

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