Macau GGR steady at US$67 million per day in early August, says JP Morgan

Macau GGR steady at US$67 million per day in early August, says JP Morgan

Article brief provided by Inside Asian Gaming
  • Ben Blaschke, Inside Asian Gaming
August 7, 2023 3:02 PM
  • Ben Blaschke, Inside Asian Gaming

Macau’s gross gaming revenue reached an estimated MOP$3.2 billion (US$400 million) for the first six days of August, leaving it just about flat with the July average according to investment bank JP Morgan’s weekly channel checks.

Story continues below

In a Monday note, analysts DS Kim and Mufan Shi put the daily average from 1 to 6 August at MOP$533 million (US$66.7 million) per day – very slightly down on the MOP$537 million (US$67.2 million) per day recorded throughout the previous month.

While such numbers make it tough to draw any meaningful trends, the analysts said they imply that mass GGR is still comfortably tracking at 90%+ of pre-COVID levels with better days ahead.