A Tuesday note from Japanese brokerage Nomura – citing industry consultant sources – had estimated year-on-year expansion in GGR for October in the range of 19% to 21%, above its own previous estimate of 18%.
"Our latest consultant checks point to a noticeable pick up in demand following
the 19th Party Congress in China, with VIP and mass revenue [for the month] up
approximately 30% and 9% year-on-year, respectively,” stated Nomura, referring
first to a five-yearly meeting of the Chinese Communist Party.
The official split between GGR for the mass
and VIP segments is only issued by DICJ on a quarterly basis. The data for the
fourth quarter is expected early next year.
The October GGR result marked the 15th
consecutive month of year-on-year GGR growth in the market.
The latest monthly GGR result meant the Macau market’s tally for the first 10
months of 2017 stood at nearly US$67 billion, up 19.2% from the prior-year
period.
