Despite Post-Holiday Dip in Casino Profits, Analysts Maintain Positive Outlook Due to Policy Backing
Monday 13 de May 2024 / 12:00
⏱ 1 min read
(Macau).- The recent post-Golden Week slowdown is running at a pace below the average run-rate for April, according to J.P. Morgan’s analysis.
In a recent note written by DS Kim, Mufan Shi and Selina Li, Macau generated MOP8.6 billion (US$1.07 billion) in gaming revenue in the first 12 days of May. This translates to a run rate of MOP716 million per day.
“This implies last week’s run rate has slowed to MOP578m/day from MOP910m during the May Golden Week, or 6% below April’s (MOP618m),” wrote the analysts.
The analysts added that the figure was “a little weaker than we would have liked to see, but within expectations given the post-holiday slowdown”.
Despite the dip after the May Day holiday, which attracted over 600,000 visitors in five days, the brokerage has maintained its monthly forecast at a range of MOP19.5 billion to MOP20 billion, or at least a 75 per cent recovery to pre-Covid levels.
From 27 May, residents of eight more mainland Chinese cities will be allowed to travel to Macau on their own, in addition to Qingdao and Xi’an.
The move is seen by analysts as a good sign of China’s attitude towards Macau.
“While the incremental impact of this in itself may not be significant, this together with the easing of the travel process shows the favorable policy support from the central government, in our view,” they said.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
