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Macau gaming revenues reaching new post-pandemic highs as China travel sentiment improves

03/24/2021| 12:38:07 PM|

This reflects gradually improving travel sentiments in China post-Chinese New Year, as well as a return of local (Macanese) demand after recent easing of COVID-testing rules.

Macau’s gross gaming revenues neared a new weekly high for a non-holiday period of around MOP$307 million (US$38 million) per day for the seven days from 15 to 21 March, driven by ever-improving travel sentiments in mainland China, according to analysts.

“This implies last week’s run-rate was a solid MOP$307 million per day, one of the highest non-holiday reading post COVID-19, having recovered back to year-end levels (before the fresh travel curb was imposed and dragged on travel/gaming demand),” explained JP Morgan’s DS Kim and Derek Choi.

“This reflects gradually improving travel sentiments in China post Chinese New Year, as well as a return of local (Macanese) demand after recent easing of COVID-testing rules.” 

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TAGS: China | Macau | Gaming | COVID-19
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