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<Research>JPM: May Day Golden Wk GGR Reaches 90%+ of Pre-COVID-19 Lv., Vastly Beating Forecasts
According to the channel data, the GGR of Macau reached MOP5.1 billion for the first 5 days of May, i.e. the May Day Golden Week in mainland China, or an average of MOP1.02 billion...
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<Research>JPM: May Day Golden Wk GGR Reaches 90%+ of Pre-COVID-19 Lv., Vastly Beating Forecasts
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According to the channel data, the GGR of Macau reached MOP5.1 billion for the first 5 days of May, i.e. the May Day Golden Week in mainland China, or an average of MOP1.02 billion per day, representing a strong YoY growth of 12% despite a higher 2024 base, and reached more than 90% of the level during the same period before the pandemic despite the demise of VIP customers, about 15-20% more than the market consensus of an average of MOP850 million per day, JPMorgan released a research report saying. This is expected to be the sharpest outperformance in recent years, which is encouraging.

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