Revenue from Macau’s premium mass market increased by five per cent month-to-month in August, takingit up to 84 per cent of August 2019’s pre-pandemic figures.
CitiNote analysts George Choi and Ryan Cheung said: “In terms of recovery versus pre-COVID levels, total wager observed in August 2023 implies an 84 per cent recovery versus August 2019. The number of premium mass players seen in August 2023 was 65 per cent of what we saw in August 2019, therefore the average wager per player was 29 per cent better versus August 2019.”
“The data that we gathered before COVID showed similar month-on-month declines in wager per player in 2018 and 2019,” they added. “We believe this seasonal trend is attributable to the fact that the visitation-strong month of August is also a month when the more casual, less keen players show up.”