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(Bloomberg) -- Macau’s gross gaming revenue this month is expected to rise for the 14th consecutive month. The regulator plans to report Sept. gross gaming revenue data in early October, according to Gaming Inspection & Coordination Bureau website. ESTIMATES

• Sept. gross gaming revenue is estimated to rise a median 14% on year, according to 9 analysts surveyed by Bloomberg
  • Estimate range +11% to +17%
• NOTE: Sept. 1, Macau Aug. Casino Rev. Rises 20.4% Y/y; Est. 18.5% Rise

WHAT TO WATCH

• Bernstein (Vitaly Umansky): Gross gaming revenue through Sept. 24 will be ~17b patacas, or on average 708m patacas per day, based on channel checks
  • Monthly GGR is estimated between 21b patacas and 21.2b patacas, implying y/y growth of 14% to 15%
• Daiwa (Jamie Soo): Estimate of 2017 VIP GGR growth is raised to 19% from 5%, with most of the incremental revenue allocated to Wynn, Melco
  • The 2 operators have outperformed on credit growth, but history suggests such a credit-driven rally will be unsustainable, with a rise in bad debts to ensue
  • Mass-focused Sands China remains top pick
• Morgan Stanley (Praveen K Choudhary): VIP business remains positive after Aug. typhoon and booking for Golden Week holiday is strong
  • 3Q17 GGR growth tracking at ~6% q/q
  • 4Q17 GGR growth may slow to 16% y/y vs 21% in 3Q
• Goldman Sachs (Simon Cheung): Macau and the Philippines remain well-positioned to capture Asians’ rising leisure and gaming spending in the long run

BLOOMBERG DATA

• YTD performance: Wynn Macau +71%, Melco Resorts +48%, Galaxy Entertainment +61%, SJM Holdings +18%, Sands China +20%, MGM China 14%

RELATED STORIES

• Sept. 29, Golden Outlook for Macau Holiday Week as Junkets, Hotels Booked
• Sept. 28, Credit to Big Macau Gamblers Seen Posing Risks as Revenue Rises
• Sept. 27, Macau Asks Banks to Stop Virtual Currency Related Services
• Sept. 22, China Names New Heads of Govt Liaison Office in H.K., Macau

To contact the reporters on this story: Fox Hu in Hong Kong at fhu7@bloomberg.net; Daniela Wei in Hong Kong at jwei74@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Jeff Sutherland