Macau’s gaming industry grossed about $3.2 billion (US$400 million) in the first six days of August. Analysts from investment bank JP Morgan said Macau’s daily revenue reached about $533 million (W66.7 million) from Aug. 1-6, 2023, and Inside Asian Gaming testified about the continued trend in the Macau market in July.

August earnings per day of $66.7 million:

Last month, JPMorgan analysts DS Kim and Mupan Si reportedly noted that the Macau gaming industry averaged $537 million (US$67.2 million) in daily revenue and averaged $533 million (US$66.7 million) in the first six days of August. However, those numbers are known to represent steady growth that is expected to continue to grow over the next few years.

“While it is difficult to draw meaningful trends from the six-day data, this means that the bulk GGR is comfortably tracking more than 90% of pre-COVID-19 levels,” JPMorgan analysts DSKIM and Mufanshi said. “We expect to recover more than 100% by October,” it added.

Recorded for July:

Analysts said the market’s performance in July compared with the previous quarter showed that the mass sector recovered 92% to 93% in the month of July, generating a total of $16.66 billion ($2.06 billion) in MOPs. The recovery achieved in July by the Macau gaming industry beat sales in the second quarter of 2023, with a recovery rate of about 87-88% according to the report.

At the same time, Inside Asian Gaming hit a new post-pandemic sales level of $2.06 billion in July, a monthly multiplier achieved by the region’s gaming industry. The figures compiled by the Game Inspection Coordination Bureau (DICJ) are said to be more than 40 times higher than the levels achieved in July 2022 and 9.6% higher than in June 2023. 카지노사이트

A full recovery is expected in October:

That’s why JPMorgan analysts expect Macau’s gaming industry to already recover 95% by the end of the third quarter of 2023, using its July and August daily averages.

Investment banking experts expect the recovery to expand at the start of the fourth quarter and to generate enough daily revenue to allow Macau’s gaming industry to already recover 104% in October 2023 and set full-year gaming gross at around MOP $184.2 billion ($22.92 billion).