Macau’s gross gambling revenue in February could exceed 19.8 billion

Brokerage firm CLSA Ltd has shared its forecast for Macau’s total gross gaming revenue (GGR) in February 2024. It estimates that the figure could exceed 19.8 billion patacas (Rmb225.9 billion). This is supported by good results during the Chinese New Year holiday period.

Analysts Jeffrey Kiang and Leo Pan said the city’s average visitation from Feb. 10 to Feb. 17 was in line with the Macau government’s Tourism Authority’s forecast of 120,000 people per day. According to official figures, the city received more than 898,000 visitors over the first five holiday days. The average number of tourists reached 179,700 per day. This is confirmed by our visit on Feb. 12, when we saw strong traffic at the borders and the four integrated resorts we visited, they added.

The PRC New Year period is usually the peak season for Macau’s gaming industry. In particular, hundreds of thousands of tourists from mainland China visit the city.

The CLSA said that there is a possibility that the current forecast for Macau’s gross gaming revenue could be raised. The amount indicated by analysts is already 2% higher than the figure recorded in January. If CLSA’s February estimate is confirmed, the city will achieve its highest monthly GGR since the COVID-19 pandemic began.

Analysts also noted that the most common minimum bet at baccarat tables was 1,000 patacas (11,408 rubles). In Wt






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