Gross gaming revenue was down 70 per cent year-on-year. <\/p>\n\n\n\n\n\n\n\n
Macau.- The Gaming Inspection and Coordination Bureau (DICJ) has published figures for November showing casinos gross gaming revenue has fallen 7.2 per cent\u00a0month-on-month\u00a0to MOP6.75bn (US$845m). <\/p>\n\n\n\n
Revenue in October had reached\u00a0MOP7.27bn.<\/a><\/em><\/strong> The figures for November represent a drop of 70.5 per cent\u00a0from the\u00a0MOP22.88bn seen in November 2019.<\/p>\n\n\n\n Numbers had recovered slightly in October after the increase of visitors during the Golden Week Holidays<\/a><\/em><\/strong>. Brokerages such as JP Morgan and Sanford C. Bernstein had already forecast that November’s figures were going to be disappointing<\/a><\/em><\/strong> in comparison.<\/p>\n\n\n\n The aggregate of Macau casino GGR for the 11 months to November 30 stands at MOP52.62bn, a contraction of 80.5 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":" Gross gaming revenue was down 70 per cent year-on-year.<\/p>\n","protected":false},"author":2,"featured_media":12261,"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) for November declined 7.2% month-on-month to MOP6.75bn (US$845m) and a significant 70.5% year-on-year compared to November 2019. The aggregate GGR for the first eleven months of 2020 stands at MOP52.62bn, representing an 80.5% contraction year-on-year, underscoring persistent market challenges despite a brief recovery in October.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), JP Morgan, Sanford C. Bernstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the primary drivers anticipated to influence Macau's GGR trajectory in Q4 and early 2021, considering current visitation trends and potential policy shifts?"},{"label":"Operator Financial Impact","query":"How are the persistent GGR declines impacting the liquidity and debt covenants of major Macau concessionaires, and what mitigation strategies are being deployed?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[725,257],"class_list":["post-12250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","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\/12250","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=12250"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12250\/revisions"}],"predecessor-version":[{"id":12270,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12250\/revisions\/12270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12261"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}