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Best Golden Week gaming performance possible in half a decade: JP Morgan

Gross gaming revenue recorded earlier this month has suggested the best ‘Golden Week’ performance in five years, according to a recent J.P. Morgan note.

The report, penned by DS Kim, Selina Li, and Lindsey Qian, said that the first five days of October reached MOP5.5 billion (US$0.69 billion) – or a daily average of MOP1,100 million.

‘Still, Y/Y growth appears relatively muted at +3% off last year’s (very) high base, coming in a few points below our and the Street’s mid-single digit expectations,’ the three analysts wrote.

Read more in Macau News Agency

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