{"id":22823,"date":"2021-09-21T09:47:40","date_gmt":"2021-09-21T12:47:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22823"},"modified":"2026-04-23T15:30:39","modified_gmt":"2026-04-23T18:30:39","slug":"macau-ggr-down-8-in-third-week-of-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-8-in-third-week-of-september","title":{"rendered":"Macau GGR down 8% in third week of September"},"content":{"rendered":"\n

Macau\u2019s GGR for the second week of September declined 8 per cent, with average daily revenue of MOP243m (US$30.3m).<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that\u00a0Macau\u2019s gross gaming revenue (GGR)\u00a0<\/strong>between September 13 to 19 was down 8 per cent when\u00a0compared to the previous week<\/a>.\u00a0The city saw an average daily revenue of MOP243m (US$30.3m)<\/strong>, down from the MOP264m in the previous week, mainly due to VIP volatility.<\/p>\n\n\n\n

The figure was also down 66 per cent when compared to pre-pandemic levels<\/strong>. However, VIP average volume was up between 60 per cent to 65 per cent month-on-month and daily mass GGR was up 70 per cent when compared to last month. GGR for the current month to date is MOP4.8bn (US$$598m). <\/strong><\/p>\n\n\n\n

According to analysts, the week-on-week decline cannot be attributed to a new outbreak of Covid-19 cases in China\u2019s Fujian province since visitors from Fujian \u201conly account for 5 per cent\u201d of Macau’s mainland tourist volume.<\/p>\n\n\n\n

Sanford C. Bernstein Ltd expects\u00a0Macau\u2019s GGR for September will be down 60 per cent against pre-pandemic levels<\/strong>\u00a0as long as the city won\u2019t be affected by another Covid-19 outbreak.<\/p>\n\n\n\n

Analysts also noted that\u00a0it’s unlikely Macau will return to April and August GGR levels until October\u00a0<\/strong>when the city expects to\u00a0receive around 35,000 visitors a day<\/a>\u00a0during the October Golden Week.<\/p>\n\n\n\n

Macau announces return of \u201cStay, Dine and See\u201d initiative<\/h2>\n\n\n\n

In a bid to boost domestic tourism<\/strong>, <\/strong>the Macao Government Tourism Office (MGTO) has announced that it will resume the \u201cStay, Dine and See Macao\u201d<\/strong> initiative from September 18.<\/p>\n\n\n\n

The scheme lets Macau residents book government-subsidised staycations at hotels and guest houses<\/strong>. It was temporarily halted after local cases of Covid-19<\/a> were detected in Macau. It will now remain in place until the end of December with 13 adjusted itineraries.<\/p>\n\n\n\n

According to the MGTO, between April 15 to July 31, nearly 32,961 people signed up <\/strong>and 17,492 hotel packages were sold through the initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s GGR for the second week of September declined 8 per cent, with average daily revenue of MOP243m (US$30.3m).<\/p>\n","protected":false},"author":176,"featured_media":18432,"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 for the second week of September declined 8% week-on-week, primarily due to VIP volatility, though month-on-month VIP volume and mass GGR showed increases. Sanford C. Bernstein Ltd projects a 60% GGR decline for September against pre-pandemic levels, with recovery anticipated in October during Golden Week. Concurrently, the Macao Government Tourism Office is resuming its \"Stay, Dine and See Macao\" initiative to stimulate domestic tourism.","focusai_entities":"Sanford C. Bernstein Ltd, Macao Government Tourism Office, MGTO","focusai_location":"Macau, China, Fujian","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":"GGR Outlook Q4?","query":"What specific factors, beyond the Golden Week, are anticipated to drive Macau's GGR recovery to pre-pandemic levels in Q4, and what is the projected impact of ongoing VIP volatility on this trajectory?"},{"label":"Tourism Initiative Impact?","query":"How effective is the 'Stay, Dine and See Macao' initiative in offsetting the decline in international tourism, and what is its quantifiable contribution to overall GGR and local economic stimulus?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-22823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22823","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=22823"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22823\/revisions"}],"predecessor-version":[{"id":22835,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22823\/revisions\/22835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18432"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}