Key points:
- Average daily gaming revenue reached MOP6.5bn ($807.5m) during the Easter period
- April’s gross gaming revenue forecast increased to MOP182.5bn
- Analysts credit visitor inflow and K-pop concerts for revenue spike
Macau’s gaming sector saw a marked uptick in revenue over the Easter holiday, as tourist arrivals and entertainment events drove increased activity at casinos. According to Macao Daily, investment banks reported a 6% week-on-week increase in average daily gross gaming revenue between 14 and 21 April, reaching MOP6.5bn.
Citigroup raised its monthly forecast slightly to MOP182.5bn, citing a boost from the Easter long weekend. More than 520,000 visitors were recorded during the period, with concerts by Korean artists providing an added draw. The bank stated that this momentum justified the adjustment from its earlier estimate of MOP180bn.
J.P. Morgan noted that daily revenue for the first 21 days of April stood at MOP6.19bn, broadly consistent with trends observed in the first quarter. The firm maintained a neutral stance on year-on-year growth for the month as a whole.
Macquarie’s assessment highlighted the positive impact of increased arrivals from Hong Kong and entertainment-led tourism. The firm estimated a year-on-year increase of 8% in average daily revenue during the Easter period, and projected that April’s monthly total would fall between MOP180bn and MOP189bn, depending on performance in the final days of the month.
Analysts noted that consistent inflows from regional tourists and targeted event programming remain essential to sustaining Macau’s post-pandemic recovery.
