Gaming revenues could be up by 21% in Macau

Bernstein analysts estimated an average daily revenue (ADR) of US$97 million during the first week of April for the gaming sector in Macau. In a note circulated, Bernstein recorded that between April 1st and 8th, a 19 per cent year-on-year increase was seen when compared to the same figure last year.

Daily results are 8 per cent lower than March, with VIP hold rate below normal during April, which resulted in a daily VIP revenue drop month-to-month, but with daily mass-market volumes slightly up.

Bernstein estimated that if ADR remains at this level, April is set to end with total gaming revenues between US$2.8 billion andUS$2.9 billion, a year-over-year increase of 17–21 per cent.

The firm also talked about a small Macau labour group that want to implement changes in the industry: “The labor pronouncement is a continued example of various labor groups continuing to call for better benefits and compensation in the industry which is likely to add to continued wage and benefits cost escalations in the future for the industry,” the note said.