Macau’s gross gaming revenue has maintained strength in the weeks since the May Day Golden Week holiday period, with GGR through the first 14 days of May estimated at MOP$8 billion (US$991 million) or MOP$570 million (US$70.6 million) per day, according to investment bank JP Morgan.
Providing its weekly channel checks on Monday, JP Morgan analyst DS Kim noted that GGR had held strong in the days since Golden Week at a run-rate of around MOP$500 million (US$61.9 million) per day – still well above the MOP$400 million (US$49.5 million) generated prior to the holiday.
“In other words, a (very) strong print from the holiday wasn’t just a one-week wonder and seems to have had an effect of elevating baseline demand levels, similar to what we saw during Lunar New Year in late January,” Kim said.
