Casino

Macau GGR estimated at almost US$1.6 B through first 21 days of July

Wednesday 24 de July 2024 / 12:00

⏱ 1 min read

(Macau).- Macau’s gross gaming revenue is estimated to have reached around MOP$12.75 billion (US$1.58 billion) for the first 21 days of July, implying a run-rate of MOP$607 million (US$75.4 million) per day according to investment bank JP Morgan.

Macau GGR estimated at almost US$1.6 B through first 21 days of July

Run-rate over the past week is said to have remained flat week-on-week at MOP$635 million (US$78.9 million), still considerably higher than the MOP$550 million (US$68.3 million) per day seen at the start of the month.

“This reflects pretty decent (albeit not fantastic) demand from summer holidays, despite concerns regarding a crackdown of illegal money exchange gangs,” wrote analysts DS Kim, Mufan Shi and Selina Li.

With mass GGR estimated to remain at around 110% of pre-COVID levels, JP Morgan’s July GGR forecast is MOP$18.5 billion (US$2.30 billion) or 76% of July 2019. This keeps the recovery rate in line with the 1H24 recovery rate but slightly improved from 74% in June.

Categoría:Casino

Tags: Sin tags

País: Macao

Región: Asia

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