Macau’s gross gaming revenues are estimated to have reached MOP$4.3 billion for the first six days of July, implying a daily run-rate of MOP$717 million, according to a Monday note from Citigroup. This suggests July’s daily GGR is tracking 2% higher than in June – which already smashed streetside consensus – and 30% higher year-on-year with Macau continuing to enjoy a recent surge in momentum.
City analysts said the solid start to the month was likely attributable to Hong Kong superstar Jacky Cheung’s final three shows of his nine-show residency.
“Based on industry sources, VIP volumes were largely flat month-on-month and mass GGR rose by 2% to 4% month-on-month,” stated Citi’s George Choi and Timothy Chau. “VIP hold rate appears to be higher than normal.”
