Anticipated 5% monthly increase in Macau gaming revenues for May, with the potential for further growth during the Golden Week period, presenting a positive outlook for the region's gambling industry.
Gaming Revenue Projections for Macau's Golden Week 2023
Exploring the Future of Casino Gaming By Ben Blaschke, Inside Asian Gaming
Share this articleWith April GGR slightly higher than expectations, the gaming revenue growth for May will hinge on the upcoming Golden Week holiday period. Analysts, however, are maintaining cautious forecasts as they eye the holiday's potential impact.
Recent reports following the publication of April's results from Macau's DICJ, which showed a 1.7% surge in GGR to MOP $18.9 billion (US$2.36 billion) year-on-year, have been less forthcoming about May 2023 predictions.
Seaport Research Partners, for instance, has suggested that May revenues may see a 5.2% month-on-month growth, lower than the historical May average of 8.9%. Should this hold true, it would mean a 1.7% decline compared to May 2024. Yet, the firm's analyst, Vitaly Umansky, acknowledged that this is a conservative estimate, with potential for upward revisions if the Golden Week performances are strong.
Now, let's take a closer look at the forthcoming Golden Week holiday and its potential effects on gaming revenues.
If we glance beyond the current year, data for 2025 suggests a rise in visitor volume of up to 700,000 tourists during the Golden Week period, and a projected 15-20% surge in casino GGR compared to standard monthly baselines, fueled by increased demand during the holiday season.
Alas, at present, specific forecasts for May 2023 from Seaport Research Partners are not readily available in the available results. If you're seeking 2023-specific data, historical records (not included here) would be necessary. The provided information mostly focuses on 2025 projections, highlighting a shift toward mass-market dominance and structural recovery challenges.
As the holiday unfolds, we'll undoubtedly learn more about the true potential of Macau's gaming industry this year. Keep an eye on Inside Asian Gaming for the latest updates!
- Analysts are maintaining cautious forecasts for the gaming revenue growth in May 2023 during Macau's Golden Week, despite a slight increase in April GGR.
- Seaport Research Partners has suggested a 5.2% month-on-month growth in May revenues, which would translate to a 1.7% decline compared to May 2024 if it holds true.
- For the forthcoming Golden Week holiday, data for 2025 predicts a rise in visitor volume of up to 700,000 tourists and a 15-20% surge in casino GGR compared to typical monthly baselines.
- Given the historical averages, Seaport Research Partners' prediction for May 2023 is a conservative estimate, with potential for upward revisions if the Golden Week performances are strong.
- If the Golden Week performances in 2023 are particularly strong, it could indicate a positive trend for the casino-and-gambling industry, as hinted by the resilient casino personalities and the ever-evolving casino culture in Macau.
- With responsible gambling being a top priority, it's crucial to monitor the gambling trends during the Golden Week holiday and beyond, to ensure the sustainability and integrity of the industry while maintaining a focus on the well-being of casino visitors.
