Macau casinos top estimates with second highest gaming revenue tally since pandemic

Macau gross gaming revenue increased 53% year-over-year to 19.5B patacas ($2.4B) in March, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally topped the consensus estimate for a rise of 49% and came in at about 25% below the pre-pandemic level seen in 2019. The February GGR mark was also up 5.5% from the GGR level in February and the second highest monthly GGR mark since Macau lifted COVID restrictions in January of 2023.

Analysts noted that Macau casino traffic was given a lift at the end of March by the four-day Easter holiday in Hong Kong. For April, the Ching Ming Festival is expected to give Macau casinos another traffic boost.

For the first three months of the year, Macau gross gaming revenue was up 65.5% from a year ago to 57.3B patacas.

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