Macau’s gaming revenues are set to benefit from an “unprecedented line-up of events” organized by concessionaires, which will help ease the traditional post-Golden Week hangover, according to Citi.
In a Wednesday note, analysts George Choi and Ryan Cheung estimated gaming revenues to hit a near 4-year high of MOP$19 billion (US$2.36 billion) in October, including a daily average of MOP$765 million (US$95 million) per day during the National Day holiday period from 1 to 6 October.
While this is tipped to fall by around 25% to MOP$575 million (US$71 million) per day for the remainder of the month, Choi and Cheung note this would be improved from the 34% decline experienced in 2019.
