Macau has had a solid start to the October Golden Week, with visitor arrivals already surpassing 2019 levels, according to CLSA.

Despite October's Golden Week being nearly a month away, early indicators suggest strong visitation for Macau. A CLSA report highlights robust forward bookings, with 80 percent of tracked hotels already fully booked.

The move to legalize gaming in Thailand could unlock a substantial $15.1 billion market, creating new dynamics in the regional gaming landscape. Analysts at CLSA suggest that this development, while significant, presents ‘more opportunities than threats’ for Macau's gaming concessionaires.

CLSA notes that the disruptions from the revamp of Londoner Macao Phase 2 will continue to 'weigh on the results', the impact is expected to peak in 3Q24.

Investment bank CLSA has revised down Macau's casino gross gaming revenue (GGR) for 2024 and 2025 due to near-term uncertainty, such as seasonality and China's intensified crackdown on illicit money exchange.

Due to higher visitation and GGR/visitor assumptions, brokerage firm CLSA has revised its forecast for Macau's 2024 gross gaming revenue upward, projecting it to reach $29.8 billion this year.

A recent China Reality Research (CRR) survey conducted by investment bank CLSA has shown that travelers still exhibit a high willingness to spend in Macau - including on gambling, despite visitation not yet fully normalizing.

CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.

Brokerage CLSA predicts that Macau's gross gaming revenue (GGR) in May could grow by 6 percent month-on-month, amounting to $2.45 billion.

Macau’s 2024 gross gaming revenue (GGR) is likely to be up 34 percent from 2023, according to the brokerage CLSA, which says the forecast is 3.5 percent higher than its prior estimates after a positive Chinese New Year.