Macau’s gross gaming revenue reached an estimated MOP$6.65bn (US$826m) for the eight-day-long National Day Golden Week from September 29 to October 6, according to JP Morgan.
This suggests that Macau’s GGR has recovered to nearly 80 per cent compared to Golden Week in 2019. The mass market has been a main driver for Macau, as it has proven this again this time.
JP Morgan notes that the mass GGR has recovered well ahead of the whole industry, as the mass GGR during the Golden Week “has likely recovered to 110-120 per cent of 2019 Golden Weeks, comfortably exceeding a 100 per cent bar that we think many buy-side had.”
The Golden Week data also represents MOP830m ($103m) per day in GGR, which is by far the best print since the reopening and well above May Day Golden Week with MOP645m ($80m) per day.
The investment bank mentions that the print implies the holidays probably generated over MOP930m ($116m) per day in GGR (October 1-6), followed by MOP500m ($62m per day run-rates for the last two days (October 7-8).
Source: Asia Gaming Brief