According to Bernstein analysts the first 10 days of the month have shown growth compared to December.<\/p>\n\n\n\n\n\n\n\n
Macau.- The first week of the year has shown somewhat encouraging financial results for the gaming business in Macau. According to brokerage Bernstein, GGR grew by 13 per cent month-on-month in the first 10 days of January.<\/p>\n\n\n\n
Analysts Vitaly Umansky, Tianjiao Yu and Kelsey Zhu estimated GGR of MOP$2.85bn (US$356.3m), that’s MOP$285m (US$35.6m) per day between January 1 and 10, up from an average of MOP$252m per day in December 2020.<\/p>\n\n\n\n
Macau\u2019s Gaming Inspection and Coordination Bureau reported GGR of MOP$7.82bn (US$977.5m) in December, down 65.8 per cent year-on-year but the highest total since January 2020.<\/p>\n\n\n\n
The current 10-day estimate represents a 68 per cent decline against the same period last year and a 60 per cent drop on January 2020 as a whole. VIP revenue was down in the mid-70 per cent range and mass market revenue down by just over 60 per cent.<\/p>\n\n\n\n
Based on the current trend, GGR for January 2021 is likely to remain down by \u201clow-to-mid 60 per cent \u201d year-on-year according to Bernstein.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to Bernstein analysts the first 10 days of the month have shown growth compared to December.<\/p>\n","protected":false},"author":2,"featured_media":13212,"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 gaming gross revenue (GGR) showed a 13% month-on-month increase in the first 10 days of January, reaching MOP$2.85bn, according to Bernstein analysts. While this indicates a sequential improvement from December 2020, the GGR remains significantly down by approximately 68% year-on-year for the period, with both VIP and mass market segments experiencing substantial declines.","focusai_entities":"Bernstein, Vitaly Umansky, Tianjiao Yu, Kelsey Zhu, Gaming Inspection and Coordination Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the key drivers behind the month-on-month GGR growth in early January, and how sustainable is this trend given the persistent year-on-year declines in both VIP and mass market segments?"},{"label":"Operator Impact Analysis","query":"How will the projected \"low-to-mid 60 per cent\" year-on-year GGR decline for January 2021 impact the Q1 earnings guidance and operational strategies of Macau's concessionaires?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[23906],"class_list":["post-13207","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-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13207","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=13207"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13207\/revisions"}],"predecessor-version":[{"id":13219,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/13207\/revisions\/13219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13212"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=13207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=13207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=13207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}