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
SBC Summit Americas 2025
13 de May 2025
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features
(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.
Monday 02 Jun 2025 / 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.