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).
