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JP Morgan: Game recovery continues

The game’s daily gross receipts continue to rise in the third week of February and are above the January average. That’s what JP Morgan Securities says in the most recent analysis of the Macau Gambling market.

The financial company estimates that gross revenues from the game averaged 400 million patacas per day last week, the best record achieved outside of public holidays in the last three years. If these figures are confirmed, it would be a recovery of more than 45 percent compared to pre-Covid-19 levels, says the brokerage, suggesting that the mass market GGR could have recovered to “65 to 70 percent ” from pre-pandemic levels.

The estimate is that the aggregate of gross gaming revenues in the first 19 days of February was 7.2 billion patacas, around 375 million to 380 million patacas per day.

“We expect demand to continue to increase with casual gamers returning to drive sequential growth each quarter to achieve 100% mass market recovery by the end of this year,” says the company.

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