Macau’s gross gaming revenues have continued to steadily climb, with estimates for the first 13 days of August placing industry revenue at MOP$7.2 billion (US$894 million) or MOP$553 million (US$68.6 million) per day – suggesting a 7% week-on-week improvement – according to JP Morgan’s weekly channel checks.
In a Monday note, analysts DS Kim and Mufan Shi said the gradual improvement over the past seven days reflects “seasonality and subsiding impact from [recent] bad weather.”
It also suggests mass GGR is now running at between 90% and 95% of pre-COVID levels, keeping it on track to meet earlier predictions of a return to 2019 mass revenues by October.
