Golden Week generates ‘highest run-rate in five years’: JP Morgan
Monday 07 de October 2024 / 12:00
⏱ 1 min read
(Macau).- Macau’s recent Golden Week has delivered a fruitful outcome, with the gross gaming revenue early this month hitting a daily rate of over MOP1.08 billion (US$130 million).
The information comes from brokerage JP Morgan, which previously expected the figure to range between MOP850 million and MOP900 million per day for the first six days.
It was also the “highest run-rate in five years” since the 2019 October Golden Week, which logged MOP1.16 billion per day, wrote analysts DS Kim, Mufan Shi, and Selina Li on Monday.
The figure is also almost 20 per cent above the May Day figure of MOP910 million per day earlier this year.
The latest print from the National Day holiday, which welcomed over 915,696 arrivals, means that mass revenue has recovered to 130 to 140 per cent of pre-Covid levels, while revenue from the VIP market slips into a range of 30 to 35 per cent, the analysts pointed out.
Both segments significantly exceeded the Q3 recovery rates of at least 110 per cent and 25 per cent, respectively.
“The significant acceleration in mass GGR is particularly encouraging, as it indicates that spending per capita has also improved sharply, by around +25% vs pre-Covid levels,” they added.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
BiS SiGMA South America 2026
06 de April 2026
Cibelae promotes the integration of the lottery sector at BiS SiGMA South America 2026
(São Paulo).- Cibelae consolidated its role as a key player in the gaming industry with a prominent participation in BiS SiGMA South America 2026. This event, recognized as the largest iGaming and betting gathering in Latin America, took place from April 6 to 9 at the Transamerica Expo Center in São Paulo.
Tuesday 21 Apr 2026 / 12:00
1xBet Builds Momentum in Brazil and Expands Across LatAm at BiS Sigma South America
(Sao Paulo, SoloAzar Exclusive).- Following the recent launch of its Brazilian license, 1xBet used BiS Sigma South America to strengthen its presence in the region and connect with key stakeholders across Latin America. Strategic Advisor Simon Westbury described the exhibition as highly engaging, highlighting both the opportunities generated on the show floor and the regulatory challenges that lie ahead for Brazil and the wider continent.
Tuesday 21 Apr 2026 / 12:00
Fernando Martinez: "LSports is in the midst of a massive expansion in the LATAM region"
(São Paulo, SoloAzar Exclusive).- Following LSports’ participation at BiS SiGMA South America 2026 Fernando Martinez, the company’s VP of Sales LATAM shares insights on regional expansion, the growing demand for managed services, and how technology is shaping competition in an increasingly regulated landscape.
Friday 17 Apr 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.