Although May saw a slight dip in Macau’s gross gambling revenue (GGR), the casino industry in the gambling mecca continued to gain strength. Several industry analysts, basing their opinions on unofficial returns in the industry, have said that GGR growth remains solid, and that June will see an “uptick” in the mass-market segment.

According to DS Kim and Sean Zhuang, analysts with JPMorgan Securities (Asia) Ltd, “Based on our checks, gross gaming revenue (GGR) for the first 10 days of June was estimated at [around $1.05 billion], translating into [about $105.16] million per day.” The pair added in their memo, “This is better than May’s [$101.7] million per day (which was dragged by poor VIP luck), helped by two full weekends during the 10-day period.”

Year-on-year GGR for May increased by approximately 12.1%, reaching $3.15 billion. This followed a 27.6% year-on-year increase seen in April.

Kim and Zhuang continued, “VIP volumes have fallen modestly month-on-month, which is within the typical volatility; and major junkets have had fairly normal luck factor month-to-date, having recovered from poor luck in May.”