Macau’s gross gaming revenues reached an estimated MOP$6.65 billion (US$825 million) or MOP$830 million (US$103 million) per day during the eight-day Golden Week holiday, by far the best print post-COVID according to checks by investment bank JP Morgan.
In a Monday note, analysts DS Kim, Mufan Shi and Selina Li described the week as “pretty golden”, with GGR for the first six days likely sitting at MOP$930 million (USE$115 million) per day before falling to MOP$500 million (US$62 million) on days seven and eight.
Mass market GGR was between 110% and 120% of comparable 2019 numbers.
This, they added, places Golden Week GGR more than 10% higher than expectations and implies 80% recovery on 2019 Golden Week levels.
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