Macau’s casino gross gaming revenue (GGR) is estimated to have reached MOP3.2 billion ($398 million) in the first six days of August, keeping a high revenue level compared to early this year or last year.
The estimate means that the Macau gaming revenue per day has reached MOP533 million ($66 million).
According to Monday’s investment memo, analysts from JP Morgan Securities note that the early August GGR shows a ‘flattish’ month-on-month momentum while July GGR stood at MOP537 million ($67 million) per day. At the same time, Macau GGR hit a 42-month high of $2.06 billion in July.
JP Morgan notes that it’s tough to draw any meaningful trends from six-day data, Macau’s mass GGR is comfortably tracking at 90 percent of the pre-COVID level and the full recovery could happen this October.
According to an investment memo from the same research team, Macau’s mass market GGR recovered 93 percent of pre-COVID levels in July 2023, and VIP recovery edged up to 28 percent. And the GGR tally recovered 68 percent of pre-COVID levels last month.
The July result was the highest monthly performance since January 2020, exceeding the May GGR of MOP15.57 billion ($1.93 billion).
Macau’s casino GGR stood at MOP96.80 billion ($12 billion) for the first seven months of the year, an increase of 263 percent from a year earlier.
