Macau’s August GGR result of MOP$19.8 billion (US$2.47 billion) beat consensus while recording its highest recovery rate compared to its respective 2019 month since the pandemic ended at more than 81.5%, but industry analysts are anticipating a far more subdued September.
In a Sunday note shortly after the Gaming Inspection and Coordination Bureau (DICJ) released its August figures, investment bank JP Morgan wrote that it’s unlikely September’s GGR is going to wow due to the month being a “shoulder season” between the summer holiday and October Golden Week.
Analysts DS Kim, Mufan Shi and Selina Li are forecasting September GGR of around MOP$17.5 billion (US$2.18 billion), which would represent a 12% month-on-month decline at a run-rate of MOP$580 million (US$72.2 million) per day.
