{"id":10510,"date":"2020-09-30T20:41:11","date_gmt":"2020-09-30T20:41:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=10510"},"modified":"2026-04-24T01:23:26","modified_gmt":"2026-04-24T04:23:26","slug":"macau-ggr-down-less-than-90-in-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-less-than-90-in-september","title":{"rendered":"Macau GGR down less than 90% in September"},"content":{"rendered":"\n

Gaming analysts expect it will be the first time since March that GGR has fallen less than 90 per cent year-on-year. <\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Gaming experts believe September will be the first month since March in which the year-on-year drop in gross gaming revenues (GGR) will be less than 90 per cent, signalling the beginning of a recovery for the local gaming industry.\u00a0<\/p>\n\n\n\n

In August, the year-on-year fall was 94.5 per cent due to the continued impact of the Covid-19 pandemic. The total drop in GGR for the first eight months of 2020 totalled 81.6 per cent, with revenue amounting to MOP36.3 billion (US$4.58 billion).\u00a0<\/p>\n\n\n\n

Bloomberg pooled 11 expert analysts who estimated that the year-on-year fall for September will be between 70 and 88 per cent, with an average of 86 per cent.<\/p>\n\n\n\n

The cause for the slight recovery would appear to be the resumption of the Individual Visit Scheme (IVS) to travel from mainland China to Macau. It began gradually began in August and was expanded to all of China in late September.\u00a0\u00a0\u00a0<\/p>\n\n\n\n

Average daily visitors rose from 4,000 in July to over 15,000 in September. However, less than 20 per cent<\/a><\/em><\/strong> of those visitors came to the city to gamble.<\/p>\n\n\n\n

For October, with hopeful expectations for Golden Week, analysts estimate GGR will reach about 30 per cent<\/a><\/em><\/strong> of 2019 levels.<\/p>\n\n\n\n

The pool of experts consulted by Bloomberg estimated an average 67 per cent year-on-year drop for October\u2019s GGR.\u00a0\u00a0<\/p>\n\n\n\n

The analysts forecast a total year-on-year drop in gaming revenues of around 75 per cent, and expect GGR to recover 232 per cent in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming analysts expect it will be the first time since March that GGR has fallen less than 90 per cent year-on-year.<\/p>\n","protected":false},"author":2,"featured_media":10512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Gross Gaming Revenue (GGR) is projected to show its first year-on-year decline of less than 90% since March, signaling an initial recovery for the gaming sector. This improvement, driven by the gradual resumption of the Individual Visit Scheme (IVS) from mainland China, saw average daily visitors increase, though gambling participation remains low. Analysts forecast a significant GGR recovery of 232% in 2021.","focusai_entities":"Bloomberg","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS Impact on GGR?","query":"What specific GGR segments (e.g., VIP vs. Mass Market) are primarily benefiting from the resumption of the Individual Visit Scheme, and how does this align with pre-pandemic visitation patterns?"},{"label":"2021 Recovery Drivers?","query":"Beyond the IVS, what additional policy changes or market dynamics are factored into the analysts' 232% GGR recovery forecast for 2021, and what are the key risks to this projection?"}],"footnotes":""},"categories":[161,16338,163,158],"tags":[725,257],"class_list":["post-10510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","category-slider-home","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10510"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10510\/revisions"}],"predecessor-version":[{"id":10517,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10510\/revisions\/10517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10512"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}