Macao’s mass market gaming revenues could equal their pre-Covid levels by October, according to analysts at investment bank JP Morgan cited in multiple media reports.
Such revenues are derived from everyday players placing relatively small bets at public gaming tables – as opposed to the VIP sector of the market, where high-rollers make lavish wagers in invitation-only salons.
The optimistic assessment was made after the territory posted an estimated 4.8 billion patacas in gross gaming revenue (GGR) during the first nine days of this month.
Analysts said the figure was “the highest non-holiday GGR since the pandemic and bodes well for upcoming summer holidays.”
[See more: Gaming revenue in Macao will exceed official targets this year, forecasters say]
They continued: “At this level, we believe mass GGR is comfortably running at 90-percent-plus of the pre-COVID level, and we continue to expect 100-percent-plus recovery in mass by October.”
Macao generated 15.21 billion patacas in GGR in June, according to the Gaming Inspection and Coordination Bureau.
The figure was down slightly from the previous month’s 15.56 billion patacas but was nonetheless the second-highest tally since the onset of the Covid-19 pandemic in January 2020.
