Macau GGR estimated at almost US$1.6 billion through first 21 days of July
Macau’s gross gaming revenue is estimated to have reached around MOP$12.75 billion (US$1.58 billion) for the first 21 days of July, implying a run-rate of MOP$607 million (US$75.4 million) per day according to investment bank JP Morgan.
Run-rate over the past week is said to have remained flat week-on-week at MOP$635 million (US$78.9 million), still considerably higher than the MOP$550 million (US$68.3 million) per day seen at the start of the month.
“This reflects pretty decent (albeit not fantastic) demand from summer holidays, despite concerns regarding a crackdown of illegal money exchange gangs,” wrote analysts DS Kim, Mufan Shi and Selina Li.
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