{"id":24521,"date":"2021-11-15T09:49:09","date_gmt":"2021-11-15T12:49:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24521"},"modified":"2026-04-23T13:50:46","modified_gmt":"2026-04-23T16:50:46","slug":"macau-ggr-down-18-in-the-second-week-of-november","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-18-in-the-second-week-of-november","title":{"rendered":"Macau GGR down 18% in the second week of November"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Macau\u2019s GGR for the second week of November was down 18 per cent when compared to the previous week, from an average daily revenue of MOP235m (US$29.3m) to MOP194m (US$24.1m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.-\u00a0<strong>Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that\u00a0<strong>Macau\u2019s gross gaming revenue (GGR)\u00a0<\/strong>for the second week of November was down 18 per cent when compared to the previous week, mainly due to \u201cvery low\u201d VIP hold. Analysts revealed<strong>\u00a0the city recorded an average daily revenue of MOP194m (US$24.1m)\u00a0<\/strong>while\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-12-in-first-week-of-november\">in the previous week<\/a>\u00a0the figure was MOP235m (US$29.3m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Macau&#8217;s GGR for November stands at MOP3bn (US$374m), with an average daily rate of MOP214m (US$26.6m), down 72 per cent when compared to pre-pandemic levels. However, the figure is up 52 per cent when compared to October.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-25-8-in-october\" rel=\"noreferrer noopener\">October<\/a>&nbsp;saw the lowest monthly GGR of 2021, down 25.8 per cent month-on-month and 40 per cent year-on-year, due to an outbreak of Covid-19 cases that deeply affected the October Golden Week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts at\u00a0<strong>Sanford C. Bernstein Ltd\u00a0<\/strong>said VIP hold was down 1.5 per cent during the second week of November. The average daily rolling volume was up 80 per cent when compared to the previous month, while daily mass was up 50 per cent.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bernstein predicts Macau&#8217;s GGR in October will be down 60 per cent when compared to 2019 levels although recovery will continue in the following months. <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-november-ggr-may-reach-just-30-of-2019-levels\">Morgan Stanley Asia Ltd<\/a>\u00a0has recently forecasted that November GGR will be up\u00a0<strong>57 per cent month-on-month<\/strong>\u00a0from MOP4.37bn (US$544m) to MOP6.9bn (US$860.9m) but down 30 per cent when compared to November 2019.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macau casino operators property EBITDA down 97% for Q3<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casino-operators-property-ebitda-down-97-for-q3\" rel=\"noreferrer noopener\">Deutsche Bank<\/a>&nbsp;has said&nbsp;<strong>Macau\u2019s casino operators economic status declined<\/strong>&nbsp;during the third quarter when compared to the previous period when EBITDA was down 83 per cent from the 2019 levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said that&nbsp;<strong>Las Vegas Sands, Galaxy Entertainment and Melco Resorts all gained in their EBITDA market share&nbsp;<\/strong>during the third quarter to the detriment of SJM Holdings and Wynn Resorts.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As regards gross gaming revenue (GGR) in Macau, Las Vegas Sands and Galaxy Entertainment Group continued leading the market share over&nbsp;<strong>Melco Resorts &amp; Entertainment,&nbsp;<\/strong>Wynn Macau and SHM Holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau\u2019s GGR for the second week of November was down 18 per cent when compared to the previous week, from an average daily revenue of MOP235m (US$29.3m) to MOP194m (US$24.1m).<\/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":"Macau's GGR for the second week of November saw an 18% week-on-week decline, primarily attributed to low VIP hold, though overall November GGR is projected to be up 52% month-on-month from October's pandemic-impacted lows. Concurrently, Q3 property EBITDA for Macau casino operators plummeted 97% compared to 2019, with Las Vegas Sands, Galaxy Entertainment, and Melco Resorts gaining market share at the expense of SJM Holdings and Wynn Resorts.","focusai_entities":"Sanford C. Bernstein Ltd, Morgan Stanley Asia Ltd, Deutsche Bank, Las Vegas Sands, Galaxy Entertainment, Melco Resorts, SJM Holdings, Wynn Resorts, Wynn Macau, Melco Resorts & Entertainment, Galaxy Entertainment Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Hold Impact","query":"What specific factors contributed to the 'very low' VIP hold in Macau during the second week of November, and what are the projected implications for high-roller segment profitability in Q4?"},{"label":"Operator Strategy Shift","query":"Given the significant 97% decline in Q3 property EBITDA compared to 2019 and the observed market share shifts, how are Macau's leading operators adjusting their capital allocation and operational strategies for 2022?"}],"footnotes":""},"categories":[28,16338],"tags":[23907,23906],"class_list":["post-24521","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24521","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=24521"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24521\/revisions"}],"predecessor-version":[{"id":24554,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24521\/revisions\/24554"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}