The institution said such an outcome would be roughly 500 basis points above the latest 18 % estimate of research firm Consensus Metrix, but well below July’s year-on-year market expansion.
"Our year-on-year estimate for August implies approximately 600 basis points of decelerating growth versus 29 % in July,” stated Nomura in its Monday note.
The latter reference was to the upcoming new property promoted by Macau casino operator MGM China Holdings, a company majority-owned by U.S.-based casino operator MGM Resorts International.
Sanford C. Bernstein was at the lower end of the spectrum for Macau’s August year-on-year GGR expansion, anticipating in its Monday note a 22 % to 25 % growth. Telsey Advisory Group LLC anticipates 28 % to 31 % growth at current run rates.
"Assuming an average daily rate GGR of US$91.9 million to US$93.5 million for the remaining days of the month, we estimate August GGR to a range of US$2.78 billion and US$2.85 billion,” said Sanford Bernstein analysts, Vitaly Umansky and Zhen Gong.
"This would represent a year-on-year increase in August of +22 % to +25 %, same as previous estimates,” they concluded.
Source: GMB / GGR Asia
