{"id":17903,"date":"2021-05-14T15:27:26","date_gmt":"2021-05-14T15:27:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17903"},"modified":"2026-04-23T19:33:03","modified_gmt":"2026-04-23T22:33:03","slug":"galaxy-recovery-fueled-by-premium-mass-play-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-recovery-fueled-by-premium-mass-play-analysts-say","title":{"rendered":"Galaxy recovery fueled by premium-mass play, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Galaxy Entertainment showed high levels of hotel occupancy and sales during the Labour Day break in Macau.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Sanford C Bernstein has reported\u00a0that <strong>Galaxy Entertainment gross gaming revenue\u00a0<\/strong>(GGR) during the Labour Day break reached nearly <strong>50 per cent of pre-pandemic levels<\/strong> thanks to premium-mass play.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the analysts, <strong>premium-mass play recovered to between 60 per cent and 70 per cent<\/strong>\u00a0of pre-pandemic levels, although<strong>\u00a0VIP gaming revenue<\/strong>\u00a0was between 20 per cent to 30 per cent of 2019 levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Galaxy Entertainment reached<strong>\u00a080 per cent hotel occupancy <\/strong>during the Labour Day break.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-revenue-up-5-6-in-q1\">The casino operator<\/a>\u00a0has recently revealed financial results for the first quarter of 2021, reporting\u00a0<strong>gaming revenue of HK$3.86bn<\/strong>, up 5.6 per cent quarter-on-quarter but down 4.7 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-hits-us563m-for-first-nine-days-of-may\">Sanford C. Bernstein<\/a>\u00a0has also reported that Macau GGR for the first nine days of May reached an\u00a0<strong>average daily rate of MOP500m (US$75m)<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Entertainment showed high levels of hotel occupancy and sales during the Labour Day break in Macau.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment reported robust operational recovery during Macau's Labour Day break, with GGR reaching nearly 50% of pre-pandemic levels, primarily driven by strong premium-mass play. While hotel occupancy achieved 80%, VIP gaming revenue significantly lagged, indicating a segmented market rebound. This performance aligns with Macau's broader GGR recovery trend observed in early May.","focusai_entities":"Galaxy Entertainment, Sanford C Bernstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Premium-Mass Sustainability?","query":"What are the underlying factors contributing to the disproportionate recovery of premium-mass play compared to VIP, and is this trend sustainable for long-term GGR growth in Macau?"},{"label":"Q2 Outlook Impact?","query":"How might Galaxy Entertainment's Labour Day performance and the broader Macau GGR trend for early May influence analyst projections for Q2 2021 financial results across the integrated resort sector?"}],"footnotes":""},"categories":[157,16338],"tags":[22935,23906],"class_list":["post-17903","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17903","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=17903"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17903\/revisions"}],"predecessor-version":[{"id":17920,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17903\/revisions\/17920"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}