Macau’s gaming industry experienced a significant surge in revenue over the Easter holiday, supported by a wave of tourist arrivals and a series of entertainment events.
According to reports from Macao Daily, investment banks observed a 6% week-on-week increase in average daily gross gaming revenue between April 14 and April 21, reaching MOP6.5 billion (approximately $807.5 million).
In light of the Easter momentum, Citigroup has revised its forecast for April’s gross gaming revenue upward, now estimating a total of MOP182.5 billion.
This adjustment reflects an increase from the previous projection of MOP180 billion, citing the Easter long weekend and a notable influx of visitors as key drivers.
Over the Easter period, Macau welcomed more than 520,000 visitors, bolstered by a lineup of concerts featuring popular Korean artists, which significantly enhanced the city’s entertainment appeal.
J.P. Morgan reported that the average daily revenue for the first 21 days of April stood at MOP6.19 billion, aligning closely with performance trends observed during the first quarter.
Despite the Easter boost, the firm maintained a neutral stance on Macau’s year-on-year revenue growth for April.
Similarly, Macquarie analysts highlighted the positive impact of increased travel from Hong Kong and the growing role of entertainment-led tourism.
The firm projected that April’s gross gaming revenue would range between MOP180 billion and MOP189 billion, depending on the final days’ performance, noting an estimated 8% year-on-year increase during the Easter period.
Industry experts emphasized that sustained recovery for Macau’s gaming sector will depend heavily on consistent regional tourist inflows and targeted event programming, such as concerts and live shows.
Post-pandemic recovery efforts increasingly rely on blending traditional casino experiences with broader tourism and entertainment offerings to attract a diversified audience.
At Crypto Dice News, we continue to track the evolving landscape of gaming markets across Asia, spotlighting the intersection of tourism, crypto gambling, and entertainment trends shaping the future of the industry.
