Macau GGR for January increased by 2.6 per cent month-on-month compared to December, but doubts remain over forecasts for February.<\/p>\n\n\n\n\n\n\n\n
Macau.- The gaming industry saw its best monthly performance since the Covid-19 pandemic began last month with a 2.6 per cent increase in gross gaming revenue (GGR) compared to the previous month<\/a><\/em><\/strong>.<\/p>\n\n\n\n GGR for January came in at MOP8bn (US$1bn, the best monthly result in 12 months<\/strong>, surpassing the months of Golden Week and the Christmas holiday periods.<\/p>\n\n\n\n However, the numbers remained down by 63.7 per cent year-on-year<\/strong>. <\/p>\n\n\n\n According to analysts at Sanford C. Bernstein, GGR \u201ccontinued to be negatively impacted by visitation bottlenecks due to visa processing and Covid[-19] test requirement, and by weakness in VIP volumes.”<\/p>\n\n\n\n Doubts remain over forecasts for February <\/strong>as an increase in Covid-19 cases in mainland China<\/a><\/em><\/strong> has led to the government to advise citizens against travel<\/a><\/em><\/strong> during the lunar new year holiday period.<\/p>\n\n\n\n Bernstein\u00a0suggested that Chinese New Year tourism to Macau will be impacted: \u201cThe travel impediments will lead certainly to reduced visitation (versus earlier forecasts) into Macau<\/strong> for the next few weeks at least, with Chinese New Year visitation being impacted.”<\/p>\n","protected":false},"excerpt":{"rendered":" Macau GGR for January increased by 2.6 per cent month-on-month compared to December, but doubts remain over forecasts for February.<\/p>\n","protected":false},"author":2,"featured_media":14006,"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 January Gross Gaming Revenue (GGR) increased 2.6% month-on-month to MOP8bn (US$1bn), marking its best monthly performance since the pandemic began, yet remained 63.7% down year-on-year. Analysts attribute this to persistent visitation bottlenecks from visa processing and COVID-19 testing, alongside weak VIP volumes. Forecasts for February are uncertain due to rising COVID-19 cases in mainland China and travel advisories impacting Lunar New Year tourism.","focusai_entities":"Sanford C. Bernstein","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific policy adjustments or market interventions are anticipated to alleviate the visitation bottlenecks and stimulate VIP volume recovery, thereby improving Macau's GGR forecasts beyond Q1?"},{"label":"Operator Strategy Shift?","query":"How are Macau's concessionaires recalibrating their operational and marketing strategies, particularly concerning player acquisition and retention in the mass market, given the sustained weakness in VIP volumes and travel impediments?"}],"footnotes":""},"categories":[160,28,163,158],"tags":[23906],"class_list":["post-14003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14003","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=14003"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14003\/revisions"}],"predecessor-version":[{"id":14036,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14003\/revisions\/14036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14006"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}