{"id":18236,"date":"2021-05-25T14:09:16","date_gmt":"2021-05-25T14:09:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18236"},"modified":"2026-04-23T19:15:33","modified_gmt":"2026-04-23T22:15:33","slug":"macau-ggr-up-12-in-third-week-of-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-12-in-third-week-of-may","title":{"rendered":"Macau GGR up 12% in third week of May"},"content":{"rendered":"\n

Macau GGR was up 12 per cent in the third week of May when compared to the previous week but down 6 per cent when compared to April.<\/p>\n\n\n\n\n\n\n\n

Macau.- Bernstein Research has reported that Macau GGR for the third week of May was up 12 per cent <\/strong>from the prior week but down 6 per cent month-on-month.<\/p>\n\n\n\n

According to analysts, Macau saw average daily GGR of MOP246m (US$33m)<\/strong>, nearly 50 per cent of the revenue casinos reported during the Labour Day break, when Macau GGR<\/a> reached an average daily rate of MOP500m (US$75m)<\/strong>.<\/p>\n\n\n\n

Analysts said: “While visitation remained stable<\/strong>, GGR weakness signals many of the visitors to Macau are largely lower end tourists who are travelling due to travel incentives offered.”<\/p>\n\n\n\n

Bernstein predicts Macau GGR for May will be down by 60 per cent <\/strong>compared to May 2019, previous to the Covid-19 pandemic. As for 2021 as a whole<\/strong>, analysts predict GGR will be about 64 per cent of 2019 levels<\/strong>.<\/p>\n\n\n\n

Mainland China remains the only country to have a largely quarantine-free travel bubble<\/strong> with Macau, but the city has resumed 14-day quarantine for travellers<\/strong> from one district in Guangdong province due to a rise in Covid-19 cases.<\/p>\n\n\n\n

However, the Macau Government Tourism Office (MGTO)<\/strong> expects a strong summer holiday period<\/strong>.<\/p>\n\n\n\n

Moody\u2019s Investor Service<\/a> has recently reported that it believes Macau\u2019s economy could rebound <\/strong>to pre-Covid-19 levels by 2024<\/strong>.<\/p>\n\n\n\n

Analysts said that although the special administrative region\u2019s (SAR) economy has been seriously hit<\/strong> by the Covid-19 pandemic, Macau maintains strong sovereign finances.<\/p>\n\n\n\n

Moody\u2019s has given Macau an Aa3 rating<\/strong>, which means it is subject to very low credit risk<\/strong>. <\/p>\n\n\n\n

It said: \u201cThe growth volatility of Macau\u2019s economy is among the highest of all rated sovereigns.<\/p>\n\n\n\n

\u201cBut despite the highly volatile nature of economic growth, Macao\u2019s vast fiscal and external reserves \u2014 significantly stronger than those of similarly rated peers<\/strong> \u2014 and very high per capita incomes continue to support its credit profile.\u201d<\/p>\n\n\n\n

However, analysts say Macau\u2019s recovery is highly dependent on a full return of tourist arrivals<\/strong>, but the number of visitors is expected to remain at about 60 per cent of pre-pandemic levels through the second half of the year 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau GGR was up 12 per cent in the third week of May when compared to the previous week but down 6 per cent when compared to April.<\/p>\n","protected":false},"author":176,"featured_media":18270,"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 GGR in the third week of May saw a 12% week-on-week increase but a 6% month-on-month decline, attributed to a higher proportion of lower-end tourists despite stable visitation. Bernstein projects May GGR to be 60% below 2019 levels, with 2021 GGR at 64% of pre-pandemic figures, while Moody's anticipates a full economic rebound by 2024, supported by strong sovereign finances despite high growth volatility.","focusai_entities":"Bernstein Research, Moody\u2019s Investor Service, Macau Government Tourism Office","focusai_location":"Macau, China, Guangdong","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific policy changes or market dynamics are anticipated to drive the transition from lower-end tourism to higher-value visitation segments necessary for Macau's GGR to reach pre-pandemic levels?"},{"label":"Sovereign Finance Impact?","query":"How might Macau's strong sovereign finances and Aa3 credit rating influence the government's capacity to implement further economic stimulus or support measures for the gaming sector amidst continued GGR volatility?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906],"class_list":["post-18236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18236","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=18236"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18236\/revisions"}],"predecessor-version":[{"id":18271,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18236\/revisions\/18271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18270"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}