Macau’s gaming operators averaged daily gaming revenues of more than MOP$1 billion during the first six days of the Golden Week holiday, only slightly lower than during the same period in 2019 and 30% higher than in 2023, analysts have revealed.
In a note, JP Morgan’s DS Kim, Mufan Shi and Selina Li said that total GGR for the six days from 1 to 6 October reached MOP$6.5 billion (US$812 million) at an average of MOP$1.08 billion (US$135 million) per day.
This, they observed “not only beat the market’s expectations of between MOP$850 million to MOP$900 million (US$106 million to US$112 million) per day by a significant margin but was also the highest run-rate in five years since the 2019 Oct Golden Week.”
