Analysts predict that gross gaming revenue could reach the highest total for a non-Golden Week month since the pandemic.
Macau.- August’s gross gaming revenue (GGR) in Macau is on track to hit between MOP21.9bn (US$2.72bn) and MOP22.5bn (US$2.79bn), according to JP Morgan. That would surpass July’s MOP22.13bn (US$2.75bn) to become the highest total since the pandemic outside of China’s Golden Week holidays.
Analysts DS Kim, Selina Li, and Lindsey Qian reported that GGR for the first 24 days of August reached MOP17.65bn (US$2.19bn), averaging MOP735m (US$91m) per day. Last week’s run-rate rose 9 per cent to MOP793m (US$98m), the highest non-Golden Week GGR since the pandemic, thanks to strong visitation during peak summer holidays, they noted.
Both the VIP and mass market segments showed growth of 10 to 15 per cent year-on-year. Compared to 2019, VIP play has recovered to 30 per cent while mass gaming has reached 125 per cent of pre-Covid levels.
JP Morgan expects the trend to continue, projecting “sustained double-digit GGR growth” through at least the first quarter of 2026. Industry observers note the help of major summer events such as the Tencent Music Awards at Galaxy Arena.
Analysts predict that gross gaming revenue could reach the highest total for a non-Golden Week month since the pandemic. Macau.- August’s gross gaming revenue (GGR) in Macau is on track…
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