Analyst estimates suggest 39% drop in Macau gaming revenues over past week on post-holiday lull
Regulation · 2024-10-22
Analyst estimates suggest 39% drop in Macau gaming revenues over past week on post-holiday lull
Macau’s gross gaming revenues fell by an estimated 39% to around MOP$514 million (US$64.1 million) per day in the week to 20 October, down from MOP$846 million (US$106 million) per day during the first two weeks of the month according to channel checks by JP Morgan analysts.
The decline was not unexpected however, coming off a high base due to the impact of the National Day Golden Week holiday from 1 to 7 October.
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