Investment bank JP Morgan said in a Monday note that Macau’s gross gaming revenues for the first 22 days of February are estimated to have reached MOP$14.3 billion (US$1.78 billion) or MOP$650 million (US$80.7 million) a day – suggesting mixed results during the Chinese New Year “Golden Week” holiday period.
The period in question included eight days of this year’s nine-day holiday period, with JP Morgan analysts noting that this spanned both the quiet and peak stretches of Golden Week. While estimated GGR during that period came in below expectations at MOP$785 million (US$97.5 million) per day versus earlier estimates of MOP$850 million (US$106 million) per day, the numbers are more nuanced: the first four to five days saw sluggish GGR of MOP$450 million (US$55.9 million) per day before CNY came to life with GGR surging past MOP$1.2 billion (US$149 million) per day.
