Macau’s gaming operators are estimated to have generated gross gaming revenue of around $565 million or $113 million a day during the five-day Golden Week holiday from 1 to 5 May, surprising to the upside against predictions of no more than $106 million per day according to JP Morgan analysts.
In a Monday note, the investment bank said the strong print was primarily due to the quality of players who made their way to Macau given that total visitation was itself somewhat underwhelming. If accurate, the estimate is 5% to 10% above expectations and 5% faster than recent recovery trends.
