JP Morgan: Macau’s daily GGR down 5% through first 21 days of April

Monday, April 22, 2024 2:51 PM
  • Ben Blaschke, Inside Asian Gaming

Macau’s gaming operators have recorded combined gross gaming revenues of MOP$12.5 billion through the first 21 days of April, with the daily run-rate of MOP$595 million per day representing a 5% decline versus March according to estimates by JP Morgan.

However, issuing its regular channel check update on Monday, the investment bank’s analysts DS Kim, Mufan Shi and Selina Li noted that such a decline was in line with seasonality while a run-rate of MOP$600 million per day over the past week suggests revenues have again stabilized.

Mass GGR, they added, continue to track at around 110% of pre-COVID levels and VIP GGR in the mid-20% recovery range.