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Macau GGR trending 200% higher month-to-month in October

Ben Blaschke by Ben Blaschke
Mon 19 Oct 2020 at 17:51
Macau operators to lose over US$1 billion in EBITDA in Q2: Morgan Stanley
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Macau’s gross gaming revenue for the first 18 days of October is averaging MOP$222 million per day (US$27.8 million), up precisely 200% on September’s average of MOP$74 million (US$9.3 million) per day according to a Monday research note from JP Morgan.

Providing a weekly GGR update, analysts DS Kim, Derek Choi and Jeremy An estimate revenue of MOP$4.08 billion (US$511.2 million) through Sunday, including daily GGR of MOP$200 million (US$25.1 million) over the past week “which is (obviously) weaker than Golden Week’s MOP$280 million (US$35.1 million) but well above September’s MOP$74 million, reflecting the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time).”

The analysts predict a year-on-year GGR decline of between 70% and 75% for the month of October, with VIP down around 80% and mass by closer to 70%.

September GGR fell 90.0% to MOP$2.21 billion (US$276.9 million).

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Tags: DS KimGGRgross gaming revenueJP MorganMacauOctober
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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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