<Research Report>BofAML Expects Macau Nov GGR to Narrow Decline to 27.9% YoY
Bank of America Merrill Lynch, in its research report, noted that Macau's gross gaming revenue in October declined 28.3% yearly to MOP20.1 billion, suggesting a daily average of roughly MOP583 million during the last week of October, staying flat week-on-week.
This result was ahead of the broker's original estimate of MOP18.5 billion.
It also represents a 17.3% monthly increase, the largest sequential increase year-to-date. In the broker's view, the year-on-year GGR decline will narrow further in November to -27.9% yearly or MOP17.5 billion.
Based on available data till 25 October,
GALAXY ENT (00027.HK)'s market share was 25.7%, up 4 percentage points monthly.
SANDS CHINA LTD (01928.HK)'s market share was 23%, up 3 percentage points.
SJM HOLDINGS (00880.HK) held third with market share of 20.5%, down 1.9 percentage points.
The market shares of Melco Crown, WYNN MACAU (01128.HK) and MGM CHINA (02282.HK) were 12.5%, 9.5% and 8.7% respectively.
Source: AAStocks Financial News
Web Site: http://www.aastocks.com