Casino gross gaming revenue (GGR) in Macau for October is likely at best to be down 3 percent judged year-on-year, and at worst, down by 6 percent compared to a year earlier. That is the scenario presented overall by two brokerages in memos to investors in Macau gaming stocks.

A Tuesday note published by JP Morgan Securities (Asia Pacific) Ltd suggested that Macau’s October GGR would “decline 3 percent, followed by a decline of 6 percent to 8 percent in November/December, implying fourth quarter GGR to fall 6 percent year-on-year.” Read more