The investment firm also believes that revenue from the mass market segment will exceed the levels of pre-pandemic 2019.
gross gaming revenue (GGR)
None of the concessionaires have applied for the rebates, reports say, and they are not mentioned in Macao’s 2024 budget.
JP Morgan’s figures suggest the holiday saw higher daily revenue averages than any post-pandemic period to date.
Analysts have been concerned about the bottom-line impact of the severe weather experienced in the month by Macao, which was battered by a typhoon and heavy rain.
Government’s total income – including both current and capital receipts – fell 4% year-on-year to MOP 58.07 billion in first seven months of 2022.
Company refinanced its syndicated banking facilities last month, with HK$9 billion term loan and HK$10 billion revolving credit.
