Macau Analysts Expect More Bad News in November

A decline in VIP volumes estimated to be in the 30 percent range could drive down total gaming revenues in Macau by double digits. This would beat August’s 8.6 percent decline and mark November as the market’s worst month this year. Sanford C. Bernstein’s Vitaly Umansky (l.) expects revenues to dip by as much as 13 percent.