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The fresh forecast comes from HSBC Holdings plc, whose analysts expect gaming demand to be hit by the ongoing UEFA European Football Championship, running from 14 June to 14 July.
According to analysts Charlene Liu, Jessie Lu and Lauren Cai, the first 16 days of the month saw approximately MOP9.7 billion in GGR. This translates to an average daily run rate of MOP606 million per day, down 7 per cent from May’s MOP651 million.
“Last week’s run rate dropped 18% sequentially to MOP533 million per day. Apart from the lower VIP win rate (2.7-2.9% vs. 2.8-3% in the previous week), gaming demand may have been diluted by sports betting around the ongoing UEFA Euro 2024 tournament,” the analysts wrote.
Read more in Macau Business
