Macao GGR USD 894 mln for first 13 days of Aug 13: JPMorgan

Macao’s market-wide casino gross gaming revenue (GGR) reached MOP7.2 billion ($894.1 million) by Aug. 13, a return of MOP553 million per day, according to an estimate from JPMorgan Securities (Asia Pacific).

“This means last week’s GGR rose 7% week-on-week to over 570 million MOPs, compared with about 530 million MOPs over the past few weeks, reflecting the gradual subsidence of the effects of seasonality and bad weather that have affected Macau recently,” the brokerage said on Monday.

“More importantly, this print suggests that the bulk GGR is operating at 95% from 90% of pre-COVID-19 levels,” said analyst DS Kim, Mufan Shi and Selina Li. “We continue to expect GGR to recover by up to 100% by October.”

Macau recorded a casino GGR of 16.66 billion MOP in July, up 9.6% from June, according to a release from the Game Inspection Coordinating Bureau, a local regulator. This is the best monthly performance since the GGR hit 22.13 billion MOP in January 2020, early in the COVID-19 pandemic.

BY: 바카라사이트

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