{"id":19809,"date":"2021-07-02T16:45:24","date_gmt":"2021-07-02T16:45:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19809"},"modified":"2026-04-23T17:57:36","modified_gmt":"2026-04-23T20:57:36","slug":"macau-vip-ggr-to-reach-20-of-pre-pandemic-levels-in-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-vip-ggr-to-reach-20-of-pre-pandemic-levels-in-q2-analysts-say","title":{"rendered":"Macau VIP GGR to reach 20% of pre-pandemic levels in Q2, analysts say"},"content":{"rendered":"\n<p>JP Morgan Securities estimates that Macau&#8217;s VIP gross gaming revenue (GGR) will only reach 20 per cent of pre-pandemic levels during the second quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- After\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-falls-37-in-june\">Macau\u2019s GGR<\/a>\u00a0registered a decline of 37 per cent to\u00a0<strong>MOP$6.54bn ($817.3m) in June<\/strong>, JP Morgan Securities has predicted that VIP GGR during the second quarter of the year will reach only about 20 per cent of pre-pandemic levels.<\/p>\n\n\n\n<p>According to analysts, the<strong>\u00a0VIP segment has not shown signs of improvement<\/strong>\u00a0and levels will be almost the same as in the first quarter.<\/p>\n\n\n\n<p>The mass\/slot market comprises 77 per cent of Macau&#8217;s GGR, making the VIP market &#8220;virtually negligible for the sector\u2019s profit and cash flows.&#8221;<\/p>\n\n\n\n<p>JP Morgan predicted second-quarter VIP GGR will be near MOP$5.73bn (US$716.3bn), while mass-market GGR, including slots, will come to around MOP$19.65bn.<\/p>\n\n\n\n<p>Despite these numbers, analysts noted\u00a0that <strong>Macau will see its highest GGR since the Covid-19 pandemic began<\/strong>, thanks to a robust May and a solid recovery in mass.<\/p>\n\n\n\n<p>May saw the highest GGR of the year to date, mainly thanks to the&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-received-165500-visitors-arrivals-over-labour-day-break\" rel=\"noreferrer noopener\">Labour Day break<\/a>, when Macau\u2019s Public Security Police reported that&nbsp;<strong>165,500 tourists came to Macau<\/strong>.<\/p>\n\n\n\n<p>As for July, analysts said GGR will only reach 35 per cent of pre-pandemic levels, with similar numbers to those seen <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-1-01-in-april\">in April<\/a>, between MOP$8.5bn and MOP$9.0bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan Securities estimates that Macau&#8217;s VIP gross gaming revenue (GGR) will only reach 20 per cent of pre-pandemic levels during the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":19810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities projects Macau's Q2 VIP gross gaming revenue (GGR) will only reach 20% of pre-pandemic levels, deeming its contribution to sector profit and cash flow \"virtually negligible.\" Conversely, the mass\/slot market, comprising 77% of Macau's GGR, is driving the overall recovery, with May recording the highest GGR since the pandemic began. July GGR is anticipated to reach 35% of pre-pandemic levels, similar to April figures.","focusai_entities":"JP Morgan Securities, Public Security Police","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Outlook?","query":"What specific policy or market catalysts are anticipated to drive a more substantial recovery in Macau's VIP GGR, given its current negligible contribution to sector profitability?"},{"label":"Mass Market Sustainability?","query":"How sustainable is the current robust recovery in Macau's mass market GGR, and what are the key demand-side and supply-side factors influencing its long-term growth trajectory?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-19809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\/19809","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=19809"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19809\/revisions"}],"predecessor-version":[{"id":19845,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19809\/revisions\/19845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19810"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}