Key points:
- Average daily revenue fell to MOP575m (US$71.4m) between 6 and 11 May
- Full-month forecast remains at MOP20bn to MOP21.2bn
- Mass and VIP segments recorded month-on-month growth
Gaming revenue in Macau declined sharply following the mainland’s Golden Week holiday, though forecasts for May remain stable with estimates ranging between MOP20bn and MOP21.2bn, as reported by Macao Daily.
Figures for the period from 6 to 11 May show average daily gaming revenue at MOP575m, a drop of 44% compared with the daily average in the first five days of the month. The slowdown has been attributed to typical post-holiday behaviour, in line with previous years.
Citigroup estimated that revenue for the first eleven days of the month reached approximately MOP8.55bn. The bank has maintained its May forecast at MOP21bn, supported by a series of upcoming concerts and public events expected to sustain visitor traffic and spending levels.
According to the same report, VIP play saw a monthly increase of around 21% to 24%, while mass market revenue grew by a similar margin. These gains, recorded early in the month, may provide some cushion against the weaker mid-May performance.
HSBC also published its assessment, pointing to seasonal demand easing after the holiday period. The bank noted that recent developments in China–United States trade relations may help support consumer confidence, though broader economic conditions continue to pose risks. If sentiment does not improve, pressure may fall more heavily on the mass segment, which has become a key driver of Macau’s gaming industry.
HSBC expects average daily revenue for the remainder of May to range between MOP570m and MOP630m, with total monthly revenue expected to stay within the MOP20bn to MOP21.2bn band.
