{"id":14422,"date":"2021-02-09T17:06:33","date_gmt":"2021-02-09T17:06:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14422"},"modified":"2026-04-23T21:58:20","modified_gmt":"2026-04-24T00:58:20","slug":"macau-ggr-drops-to-us187-8m-in-first-week-of-february","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-drops-to-us187-8m-in-first-week-of-february","title":{"rendered":"Macau GGR drops to US$187.8m in first week of February"},"content":{"rendered":"\n

Revenues declined against January following the usual pattern before the Chinese New Year holiday period.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Macau casino revenues declined month-on-month in the first week of February.<\/p>\n\n\n\n

According to analysts, the month-to-date average daily rate (ADR) was down 76 per cent compared to February 2019 and down 17 per cent compared to January 2021<\/a><\/em>.<\/p>\n\n\n\n

January saw the best results in 12 months, with GGR of MOP8bn, surpassing the months of Golden Week and the Christmas holiday periods.<\/p>\n\n\n\n

Although China advised citizens against travel, senior executives at some Macau casino operators are optimistic<\/strong> about tourism for the upcoming week-long Chinese New Year holiday.<\/p>\n\n\n\n

Macau still hoping for a quick recovery<\/h2>\n\n\n\n

JP Morgan\u2019s analysts predict Covid-19 vaccination in China<\/a><\/em> could help Macau\u2019s recovery in the mass gaming segment from May, in time for the Labour Day break<\/strong>, May Golden Week.<\/p>\n\n\n\n

Analysts predict Macau’s monthly GGR will start to improve <\/strong>from May to between MOP350m [US$43.8m] and MOP370m per day (about 45 per cent of the 2019 GGR run rate).<\/p>\n\n\n\n

According to JP Morgan, a complete recovery will be reached in 2022.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues declined against January following the usual pattern before the Chinese New Year holiday period.<\/p>\n","protected":false},"author":176,"featured_media":14425,"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 casino Gross Gaming Revenue (GGR) experienced a month-on-month decline in early February, aligning with typical pre-Chinese New Year holiday patterns, despite January's strong performance. Analysts project a significant recovery in the mass gaming segment from May 2021, driven by China's vaccination efforts, with a full market recovery anticipated by 2022.","focusai_entities":"JP Morgan","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Segment Recovery Drivers?","query":"What specific operational and marketing strategies are Macau operators implementing to capitalize on the anticipated mass gaming segment recovery from May, particularly in light of potential vaccination-driven tourism?"},{"label":"GGR Forecast Accuracy?","query":"Given the historical volatility and ongoing travel restrictions, what are the key risk factors that could impact JP Morgan's GGR recovery projections for Macau in 2021 and 2022, and how are operators mitigating these?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632,23906],"class_list":["post-14422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14422","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14422"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14422\/revisions"}],"predecessor-version":[{"id":14473,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14422\/revisions\/14473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14425"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}