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August could be Macau’s best ever post pandemic month for gaming revenue

In the first 13 days of August, according to analysts at JP Morgan, gross gaming revenue amounted to MOP7.2 billion. That is an average of 553 million patacas per day.

André Jegundo

This means that last week’s gross revenue increased 7% to MOP570 million per day, compared to MOP530 million per day in previous weeks, which according to analysts is due to seasonality and the impact of bad weather days with typhoons that affected Macau at that time.

If the daily average of MOP570 million is confirmed in the coming weeks, August could become the best month of the year for the game, surpassing July’s MOP16.6 billion.

In the latest report on the gaming market, analysts say gross revenues are already reaching 90-95% of the pre-Covid level. And that they can be expected to increase to over 100% recovery by October.

Regarding Macau’s Q2 results that have already been released, analysts consider MGM and Wynn to have beaten expectations and Sands and Melco to have delivered numbers in line with expectations. Galaxy’s results follow next Thursday and SJM next Monday.

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