Macau to see double-digit GGR in Dec, analysts say

Several investment analysts are betting on their money that Macau casinos will be able to duplicate a double-digit, gross gaming revenue growth in December.

Last month, Macau posted an estimated MOP 18.79 billion (US$ 2.35 billion) worth of casino gross revenue, a 14.4 percent increase from the previous year.

Analysts from Sanford C. Bernstein, Wells Fargo Securities, Telsey Advisory Group, and Nomura all expressed confidence that Macau market has been improving.

“That might put an end to the series of GGR growth improvements over the past few months, as we saw 1 percent, 7 percent, 9 percent, and 14 percent growth in August, September, October, and November respectively,” Nomura said in a note it issued on Monday. The brokerage firm predicted that Macau’s GGR could increase by up to 13 percent year-on-year in December.