Macau is on track to record in July the highest monthly gross gaming revenue since the start of the COVID-19 pandemic, despite daily run-rates currently being impacted by typhoon warnings.

According to investment bank JP Morgan, GGR for the first 16 days of July is estimated at MOP$8.25 billion (US$1.03 billion) or MOP$515 million (US$64 million) per day – up from the average Q2 run-rate of MOP$500 million (US$62 million) per day.

While this suggests daily GGR slowed to around MP$493 million (US$61 million) over the past week, JP Morgan analysts DS Kim and Mufan Shi said this is “understandable given Typhoon Talim and last-minute cancellations (note the Macau government issued the warning last Friday).”