Macau’s lagging base mass segment should receive a welcome boost in the coming months on the back of a newly announced China policy plan aimed at increasing incomes and providing support in light of increasing US tariffs on Chinese goods, a latest report from Seaport Research partners suggests.
In the Wednesday note, Seaport’s Vitaly Umansky points out that while Macau’s broader mass gaming segment has been strong post-COVID, this has been driven by premium mass where GGR is running at around 40% higher than 2019 levels. However, bass mass continues to lag – still 15% lower than in 2019 – with GGR generated from overnight stays even weaker given that day-tripper business from Guangdong and Hong Kong has been stronger than destination base mass.
