Morpheus Opening and Dragon Boat Weekend Boosts June GGR

Bernstein Research analysts are expecting GGR in the month of June to increase by 21 to 22 percent year-on-year, according to their latest channel checks.

Last week, average daily revenue was 15 percent above the similar period last year, helped by a positive Morpheus opening and the Dragon Boat Festival long weekend.

Bernstein says it was more than enough to offset the negative impacts of the UnionPay crackdown and the World Cup on average daily revenue.

Assuming a GGR average daily revenue of 730–750 million patacas (about US$91 million) for the remaining days of the month, Bernstein says it expects June GGR to reach 24.2–24.4 billion patacas (about US$3 billion). (AGB)