Seaport Research Partners has revised upwards its Macau GGR estimates for May, buoyed by a stronger than expected start to the month during the five-day Golden Week holiday.
In a note, Seaport analyst Vitaly Umansky said estimated Golden Week revenue of $112 million to $113 million was 10% to 15% higher than his earlier prediction, and while revenue for the remainder of the month should drop off to around $74 million per day, this would still result in a revised May GGR figure.
Seaport is now estimating GGR of $2.5 billion in May, up 3.5% over the prior prediction and therefore potentially the highest monthly GGR figure since reopening in January 2023.
The MOP$20 billion figure, described by Umansky as a “reasonable” expectation, would represent an 8% improvement over April and reach 77% of May 2019 levels.
