Casino gross gaming revenue (GGR) in Macau rose 6.7 percent year-on-year in May, to just above MOP22.61 billion (US$2.80 billion), showed data released on Monday by the city’s Gaming Inspection and Coordination Bureau.
GGR for the month of May was 13.7 percent up on April’s MOP19.89 billion.
The May result took the aggregate GGR so far this year to nearly MOP108.38 billion, 10.9-percent higher than in the prior-year period.
Several brokerages had mentioned solid gaming demand during the five-day mainland China holiday, which encompassed Labour Day on May 1.
Macau received 873,229 visitors in a five-day period of this year’s Labour Day holidays. As per official data, the city received nearly 174,646 visitors per day between May 1 and May 5.
In separate notes during May, CLSA Ltd and Seaport Research Partners had flagged “healthy” minimum bets during the Labour Day holiday season.
CLSA also noted that there was a “rising propensity” for premium-mass segment gamblers “to travel to Macau during off-peak weeks”, which could contribute to “a strong tail end” of the holiday break.
Banking institution Citigroup also observed “solid” premium-mass bet volume in Macau at the start of the Labour Day holiday season, second only to the Chinese New Year festive period in February this year.
