HSBC Global Research cited its sources indicating that Macau's gaming industry in first 24 days of April yielded MOP13.7bn in Gross Gaming Revenue (GGR). This implies an average of MOP600m/day during the past week, up from MOP571m/day the week before.
Month-to-date run rate is MOP571m/day, approaching MOP580m/day in March.
Revenue momentum could see further pick up in current week heading into the May Golden Week (from 30 April - 2 May), said the research house.
HSBC raised its full month forecast from MOP16-17bn to MOP16.7-17.3bn or -10% to -13% yoy (narrowed from March -16%). This implies an average of MOP500-600m/day for rest of the month.
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