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Macau GGR continues upward trend in early August

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.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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