written and last updated by
Sam Smith at
10 Apr 2024
Journalist, Editorial Department
Macquarie Investment Bank has released its forecast for Macau's gross gaming revenue for April this year. Analysts estimate that the city's casinos will generate between 17.6 billion and 18.7 billion patacas (approximately $2.2 billion to $2.6 billion). If these predictions hold true, Macau's gaming industry will recover to 75-79% of its pre-pandemic levels from 2019.
Hong Kong analysts Linda Huang and Howard Suen noted that Macau's average daily revenue (ADR) last week was 600 million patacas (around $75 million). They suggested that this figure is likely to remain stable for the rest of the month, ranging from 580 million to 630 million patacas (approximately $72 million to $78 million).
The analysts stated, "Gross revenue in April is expected to reach between 17.6 billion and 18.7 billion patacas, which represents 75% to 79% of the 2019 level, compared to 75% in March 2024. We believe this demonstrates a resilient recovery trend, especially considering the unfavorable calendar shift of holidays this year compared to 2019."
From March 29 to April 1, Hong Kong celebrated holidays, during which Macau welcomed 406,329 visitors. Following that, from April 4 to 7, China observed its own holiday period, including the Qingming Festival, bringing over 425,428 tourists to Macau in just four days, averaging 106,357 visitors daily.
Last month, the city's Gaming Inspection and Coordination Bureau reported a 5.5% increase in Macau's gaming revenue from February to March 2024, exceeding 19.5 billion patacas (approximately $2.4 billion). This figure slightly surpassed the previous post-COVID peak recorded in October 2023.
Meanwhile, "smart" tables are projected to boost Macau's gaming revenue by an additional 6%.
