Macau's February gambling revenue reached 20.6 billion patacas, a 5% increase, exceeding expectations. Major banks indicate that gamblers are gaining momentum in the latter part of the Lunar New Year holiday

Macau's gross gaming revenue in February was MOP 20.627 billion, a year-on-year increase of 4.5%, exceeding expectations and recovering to 81% of pre-pandemic levels, mainly driven by the peak travel season during the Lunar New Year. The total gaming revenue for the first two months of this year was MOP 43.26 billion, a year-on-year increase of 13.9%. During the Lunar New Year holiday, the number of inbound travelers to Macau reached 1.554 million, setting a new record. JP Morgan pointed out that the performance of gaming revenue during the Lunar New Year was uneven, with initial bets declining but then surging. Citigroup's report indicated strong performance in the high-end mid-market, with a 13% increase in per capita betting amount