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26/04/2016 14:41

[I-bank focus]HSBC ups Macau April GGR to MOP16.7-17.3bn

    HSBC Global Research cited its sources indicating that Macau's gaming industry in first 24 days of April yielded MOP13.7bn in Gross Gaming Revenue (GGR). This implies an average of MOP600m/day during the past week, up from MOP571m/day the week before.
  Month-to-date run rate is MOP571m/day, approaching MOP580m/day in March.
  Revenue momentum could see further pick up in current week heading into the May Golden Week (from 30 April - 2 May), said the research house.
  HSBC raised its full month forecast from MOP16-17bn to MOP16.7-17.3bn or -10% to -13% yoy (narrowed from March -16%). This implies an average of MOP500-600m/day for rest of the month.

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