{"id":24720,"date":"2021-11-22T08:19:12","date_gmt":"2021-11-22T11:19:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24720"},"modified":"2026-04-23T13:38:41","modified_gmt":"2026-04-23T16:38:41","slug":"macau-ggr-up-25-in-third-week-of-november","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-25-in-third-week-of-november","title":{"rendered":"Macau GGR up 25% in third week of November"},"content":{"rendered":"\n

Macau\u2019s GGR for the third week of November was up 25 per cent when compared to the previous week, from an average daily revenue of MOP194m (US$24.1m) to MOP242m (US$30.2m).<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has revealed that Macau’s Gross Gaming Revenue (GGR) for the third week of November was up 25 per cent week-on-week.\u00a0The average daily revenue\u00a0<\/strong>grew from MOP194m (US$24.1m) to MOP242m (US$30.2m) when compared to the previous week, when\u00a0the GGR was down 18 per cent<\/a>.<\/p>\n\n\n\n

According to analysts, the figure could have been higher but it was affected by a very low VIP hold. However, the number of tourist arrivals continues to rise, with the city recording 35,525 visitors on November 19.<\/p>\n\n\n\n

Macau\u2019s GGR for November stands at MOP4.7bn (US$585m), with an average daily rate of MOP224m (US$28m), down 71 per cent when compared to 2019 but up 59 per cent from October, when the city saw\u00a0the lowest monthly GGR of 2021<\/a>, down 25.8 per cent month-on-month and 40 per cent year-on-year.<\/p>\n\n\n\n

The analysts said: “Last week, VIP hold in Macau is likely to have been below 0.5 per cent, or even negative, and is trending around 1.7 per cent to 1.9 per cent for the month, well below the normal level of 3 per cent, which has impacted negatively the average daily GGR figure.”<\/p>\n\n\n\n

S&P: Macau GGR could return to pre-pandemic levels by 2023<\/h2>\n\n\n\n

Macau\u2019s Gross Gaming Revenue (GGR)<\/a> won\u2019t return to pre-pandemic levels until 2023, according to analysts at Standard and Poor\u2019s Global Ratings. The credit assessment agency predicted <\/strong>that Macau\u2019s GGR for 2022 will probably be between 60 per cent to 70 per cent of 2019 levels<\/strong> as China\u2019s zero-Covid policy look set to continue.<\/p>\n\n\n\n

Mass GGR for 2022 will be between 70 per cent to 80 per cent of 2019 levels while VIP GGR could reach around 40 per cent to 50 per cent<\/strong> of pre-pandemic levels.<\/p>\n\n\n\n

Aras Poon, an associate director at the rating house<\/strong>, said: \u201cMacau\u2019s GGR was likely to stay weak next two quarters, and pick up more meaningfully from the second half of 2022.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s GGR for the third week of November was up 25 per cent when compared to the previous week, from an average daily revenue of MOP194m (US$24.1m) to MOP242m (US$30.2m).<\/p>\n","protected":false},"author":176,"featured_media":24749,"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 Gross Gaming Revenue (GGR) for the third week of November increased 25% week-on-week to MOP242m daily, despite being negatively impacted by a significantly low VIP hold. While November's GGR is up 59% from October, it remains 71% below 2019 levels, with analysts projecting a return to pre-pandemic GGR levels only by 2023, contingent on China's zero-Covid policy.","focusai_entities":"Sanford C. Bernstein Ltd, Standard and Poor\u2019s Global Ratings, S&P, Aras Poon","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Hold Impact?","query":"What specific operational or market factors are contributing to the persistently low VIP hold in Macau, and what are the projected implications for NGR margins for operators?"},{"label":"GGR Recovery Timeline?","query":"Given the S&P forecast, what are the critical dependencies and potential accelerators or decelerators for Macau's GGR to achieve 60-70% of 2019 levels by 2022 and full recovery by 2023, particularly concerning China's zero-Covid policy evolution?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-24720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24720","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=24720"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24720\/revisions"}],"predecessor-version":[{"id":24728,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24720\/revisions\/24728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24749"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}