JPMorgan stated that during the National Day gold week in Macau, the total gambling revenue has recovered to 130%-140% of the pre-epidemic level, with per capita gambling expenditure increasing by about 25% year-on-year.
The performance of consumer spending during this National Day golden week is very impressive, with institutions predicting that per capita travel expenditure is expected to return to the level of 2019, with Macau's gambling revenue showing strong performance, reflecting an increase in consumer confidence.
UBS Group stated in its report that from October 1st to 6th, Macau's daily gambling revenue averaged 1.08 billion Macau patacas (approximately 0.95 billion RMB), exceeding previous expectations and reaching 95% of the level in 2019. Additionally, during the same period, Macau's tourist volume increased by 20% year-on-year, reaching 102% of the level in 2019.
Specifically, the mid-tier gambling revenue increased by 77% to 82% compared to the previous period, while the VIP room increased by about 85%.
In addition, JPMorgan also stated that Macau's total gambling revenue during the National Day golden week has recovered to 130%-140% of the pre-epidemic level, with per capita gambling expenditure increasing by approximately 25%.
Citigroup believes that the return of true 'VIP clients' is more important for the industry. On one day during the golden week, 62 customers placed bets of at least 0.1 million Hong Kong dollars (approximately 0.129 million USD), doubling the amount from the same period in 2023.
Some gambling venue staff members have stated that they have observed historical highs in both high-end clients and their betting amounts during the National Day period.
Editor/Somer