Gross gaming revenue in the mass market segment returned to between 30% and 35% of 2019 levels during the recent National Day Golden Week holiday, suggesting strong pent-up demand in the segment according to investment bank JP Morgan.

In a Monday note, JP Morgan’s Head of Asia Gaming Research, DS Kim, said Macau-wide GGR for the first nine days of October, which includes the seven days of Golden Week from October 1, was estimated at MOP$1.7 billion (US$210 million) or MOP$190 million (US$23.5 million) per day. This, he said, was double September’s run-rate of MOP$99 million (US$12.2 million) per day.