Macau’s casino gross gaming revenue (GGR) continues to languish despite the opening of the Sands China Ltd.’s new Cotai casino resort, the Parisian Macau and the Mid-Autumn Festival holiday, according to the latest note released by brokerage Sanford C. Bernstein Ltd.

“Weaker than expected” was how Bernstein analysts Vitaly Umansky and Yang Xie described Macau’s GGR, posting an average daily rate of MOP571 million (US$71.5 million).

“The weaker than expected GGR during the week ended September 18th is in light of the opening of The Parisian and the Mid-Autumn Festival holiday. However, the week’s results are still over 15 percent above the similar week last year,” the analysts said.

Assuming an average daily rate of MOP540 million (US$67.59 million) to MOP590 million (US$73.85 million) for the remainder of the month, Bernstein has forecasted that the former Portuguese enclave’s GGR would be “in the range” of MOP18 billion (US$2.25 billion), which would represent a year-on-year increase of 4 percent to 7 percent.