Investment bank JP Morgan has estimated Macau’s gross gaming revenues in the seven days from 18 to 24 August at MOP$793 million per day, representing a 9% increase over the prior week and making it the city’s highest non-Golden Week GGR since the pandemic.
In a Monday note, analysts DS Kim, Selina Li and Lindsey Qian said the impressive performance of the gaming sector over the past week was due to “strong visitation from peak summer holidays” – lifting month-to-date GGR through the first 24 days of August to MOP$17.65 billion at MOP$735 million per day.
By segment, this implies both VIP and mass grew by 10% to 15% year-on-year, representing VIP recovery to 30% of pre-pandemic levels and mass recovery to 125% of pre-pandemic levels.
