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
NOVOMATIC 2026: Global Expansion and Comprehensive Strategy in the Gaming Industry
(Barcelona, SoloAzar Exclusive).- NOVOMATIC AG kicked off 2026 with strong momentum, underscored by its standout presence at ICE Barcelona. Thomas Schmalzer, VP of Global Sales and Product Management, highlighted the company’s presentation of its integrated 360-degree portfolio—spanning cabinets, gaming content, and system solutions—while reinforcing global partnerships and advancing into new markets.
Friday 06 Mar 2026 / 12:00
Nadia Popova from EGT on ICE Barcelona 2026:"The new concept of our stand made a strong impression on visitors"
(Barcelona, SoloAzar Exclusive).- In this post-event interview from Barcelona, Nadia Popova, EGT’s Chief Revenue Officer and VP Sales & Marketing shares insights on the company’s standout presence, its “All eyes on us” stand concept, key product highlights, and the strategic partnerships forged at ICE Barcelona 2026.
Friday 20 Feb 2026 / 12:00
Luz Beatriz Jaramillo Serna of 21Viral: “Our presence at ICE Barcelona 2026 was exceptionally positive”
(Barcelona, SoloAzar Exclusive).- Following her participation at ICE Barcelona 2026, Luz Beatriz Jaramillo Serna, Head of Business Development, Marketing and Sales for Latin America at 21Viral, analyzes the commercial impact of the event, the trends set to shape the industry’s direction, and the company’s strategic priorities to consolidate growth across the region and new regulated markets.
Monday 16 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.