Golden Week generates ‘highest run-rate in five years’: JP Morgan
Monday 07 de October 2024 / 12:00
2 minutos de lectura
(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
ICE Barcelona 2026
19 de January 2026
Darío Zutel talks all about Win Systems' presence at ICE Barcelona 2026
(Barcelona, SoloAzar Exclusive).- Darío Zutel, Executive Chairman of Win Systems, reviews the results achieved at ICE Barcelona 2026, highlights the strategic quality of the contacts generated, the momentum of cashless solutions with WIN PAY, and outlines the company's innovation and expansion plans across the Americas, Europe, and other key international markets.
Monday 09 Feb 2026 / 12:00
Air Dice at ICE Barcelona 2026: Building Momentum Through Innovation and Strategic Market Expansion
(Barcelona, SoloAzar Exclusive).- In this interview, Erkki Nikunen, Partner & CBDO of Air Dice, reflects on the company’s performance at ICE Barcelona 2026, the strong reception of its FateQuest series, key industry trends shaping the sector, and Air Dice’s strategic priorities for growth, partnerships, and market expansion in 2026.
Monday 09 Feb 2026 / 12:00
Merkur Group Shines in Barcelona with Triple ICE Triumph
(Espelkamp/Barcelona).- Merkur Group secures three prestigious international accolades for operational excellence, social commitment, and standout exhibition experience.
Friday 06 Feb 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.