May casino revenue numbers bear out what I saw during a week in Macau: a comprehensive recovery is in full swing. Cotai and the peninsula are both enjoying resurgent gaming volumes, and there are more guests staying longer and coming from further away, thanks to the growth of hotel room supply.
The numbers say Macau’s casino revenue grew 23.7% year on year in May, the highest percentage rise this year, to 22.7 billion Macau patacas (MOP; US$2.8 billion), beating the consensus growth forecast of 17%. For the first five months of 2017, gaming revenue is up 15.8%.