Macau’s casino operators generated an estimated $320 million or $80 million during the first four days of February, keeping it in line with the MOP$624 million per day generated throughout January, according to investment bank JP Morgan.
In a note, analysts DS Kim, Mufan Shi and Selina Li said this was “pretty impressive” considering seasonality, with gaming revenues having traditionally slowed in the weeks before the Chinese New Year holiday period. As reported by IAG, January’s GGR of $2.40 billion was 67% higher year-on-year and the second highest monthly tally since Macau’s borders reopened in January 2023.
Kim and co said the strong start to February suggests mass GGR has recovered to over 110% of pre-COVID levels, with VIP likely staying around the mid-20% recovery rate.
