Investment bank UBS AG says it expects Macau's "foot traffic" and casino gross gaming revenue (GGR) to "significantly improve" as it heads towards the "Christmas and New Year's Eve" holiday in late December.

Casino GGR remained "stable" during the first 10 days of December, reporting a return of about 520 million MOP ($64.6 million) per day, according to the agency's own inspection.

The daily tally "was down from about 535 million MOPs per day in November, partly dragged by a lower VIP holding of 2.4% to 2.6% compared with a normal level of about 2.85%," UBS suggested. 온라인바둑이

The Macau casino industry's performance in the first 10 days of December was "pulled" by several factors, including "decay" in earnings before interest, taxes, depreciation and amortization (EBITDA) margins due to high operating expenditures.

Hotel room rates in Macau in early December were also "cheap compared to a month ago," UBS observed.

"Of the 36 hotels we tracked, the average hotel room rate for the next seven days (Dec. 12-18) was 4% lower than the price a month ago," the bank said.

However, the agency noted that "it is important to emphasize that these room rate discounts have been decreasing recently."

In a recent note, JPMorgan Securities (Asia Pacific) suggested that Macau's Fullwall Casino GGR in December "expects to hit an estimated 17 billion MOP" and that "a massive recovery of more than 100% translates to an average of about 500 million MOP per day."