Aggregate casino GGR in the five months to May 31 this year stood at US$5.31 billion, an increase of 28.7% on theUS$4.13 billion achieved in the first five months of 2020.
In the first quarter last year, the city’s casino sector had a strong performance in January, before the onset of the COVID-19 pandemic.
Macau’s casino GGR for May 2021 was the highest monthly figure since the start of the pandemic. The result coincided with a five-day holiday period in mainland China at the start of the month, linked to Labour Day on May 1.
A Tuesday note from JP Morgan Securities (Asia Pacific) described Macau’s May GGR as a “respectable print… modestly above consensus”.
The official figures for market split between mass and VIP play will only be detailed by the regulator once the June GGR information is published.
The Morgan Stanley banking group recently cut by 19% its estimate for Macau market casino GGR generated this year.
The institution said its downward revision was due to “continued delay” in easing of travel rules relating to movement between Hong Kong and Macau, and between mainland China and those places.
The banking group now thinks Macau’s 2021 GGR will be just under US$16.3 billion, which would still be up 115.4% year-on-year on 2020.
Source: GMB / GGR Asia
