Macau May GGR to increase at least 15pct: analysts

Macau May gross gaming revenue (GGR) in the Macau market is heading for year-on-year growth of between 15 percent and 20 percent, according to separate estimates on Monday by three brokerages. Casino GGR growth is likely to accelerate in June, says JP Morgan Securities (Asia Pacific) Ltd. JP Morgan stated in a note on Monday it forecast market-wide GGR for the first 20 days of May at MOP17.3 billion (US$2.14 billion). The estimate was based on industry unofficial data… Read more