Early Jan Macau mass GGR at 105pct of 2019: JP Morgan
Macau’s casino gross gaming revenue (GGR) for the first seven days of January was estimated at MOP4.4 billion (US$546.6 million), “producing a solid start to 2024”, says a Monday note from JP Morgan Securities (Asia Pacific) Ltd, citing its own channel checks.
It marked a run-rate of MOP630 million a day, versus MOP599 million a day in December, “which was already a beat,” wrote analysts DS Kim, Mufan Shi, and Selina Li.
“This was, obviously, boosted by solid traffic over the New Year holiday, but is still impressive and comforting nonetheless,” they stated.
The analysts added: “By segment, the number indicates mass GGR was running at 105 percent to 110 percent of pre-Covid levels (versus circa 105 percent in the fourth quarter), while VIP was around flattish month-on-month at around 20 percent.”
by https://www.casinositezone...
Macau’s casino gross gaming revenue (GGR) for the first seven days of January was estimated at MOP4.4 billion (US$546.6 million), “producing a solid start to 2024”, says a Monday note from JP Morgan Securities (Asia Pacific) Ltd, citing its own channel checks.
It marked a run-rate of MOP630 million a day, versus MOP599 million a day in December, “which was already a beat,” wrote analysts DS Kim, Mufan Shi, and Selina Li.
“This was, obviously, boosted by solid traffic over the New Year holiday, but is still impressive and comforting nonetheless,” they stated.
The analysts added: “By segment, the number indicates mass GGR was running at 105 percent to 110 percent of pre-Covid levels (versus circa 105 percent in the fourth quarter), while VIP was around flattish month-on-month at around 20 percent.”
by https://www.casinositezone...
8 days ago
