{"id":26009,"date":"2022-01-05T06:47:05","date_gmt":"2022-01-05T09:47:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26009"},"modified":"2026-04-23T12:33:26","modified_gmt":"2026-04-23T15:33:26","slug":"investment-banks-predict-macaus-ggr-for-january-will-reach-mop6bn","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/investment-banks-predict-macaus-ggr-for-january-will-reach-mop6bn","title":{"rendered":"Investment banks predict Macau’s GGR for January will reach MOP$6bn"},"content":{"rendered":"\n

Investment bank Citigroup predicts that Macau’s GGR will be down 25 per cent year-on-year in January.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau\u2019s total gaming revenue will reach MOP$6bn in January<\/strong>, a decrease of 25 per cent from the same month in 2021, according to Citigroup.<\/p>\n\n\n\n

However, the outlook will improve in February. Citi\u2019s forecast for the first two months of this year could reach MOP$14.5bn, down 5 per cent year-on-year.<\/p>\n\n\n\n

Bank of America Securities<\/strong>, another investment bank, is more optimistic about its forecast for January, forecasting total gaming revenue of MOP$7.8bn. However, it expects that the Covid-19 Omicron variant could slow down the recovery of overall gaming revenue in the coming months.<\/p>\n\n\n\n

JP Morgan Securities\u00a0<\/strong>also referred to Macau’s GGR for 2022 and stated it “won\u2019t try to predict” the city\u2019s overall casino revenue for this year.<\/p>\n\n\n\n

Analysts said\u00a02021 figures<\/a>\u00a0were under half of what they had expected a year ago and added: “frankly we feel less confident about our numbers now than a year ago”.<\/p>\n\n\n\n

As for\u00a0Brokerage Sanford C. Bernstein Ltd<\/strong>, it predicted Macau’s GGR in January will be down 71 per cent when compared to pre-pandemic levels and down 9 per cent month-on-month.<\/p>\n\n\n\n

Macau expects to collect just US$5.35m in taxes via junket commissions in 2022<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, the\u00a0Macau government<\/a>\u00a0estimates that throughout this year\u00a0it will only collect MOP43m (US$5.35m) in taxes\u00a0<\/strong>on the commissions junkets receive from casinos.<\/p>\n\n\n\n

The number of junket licences issued by the DICJ has been falling each year from 235 in 2013 to 85 in 2021<\/strong>.<\/p>\n\n\n\n

The crisis deepened after Alvin Chau Cheok Wa<\/a>, CEO of Suncity Group Holdings, was arrested over cross-border gambling and money laundering accusations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investment bank Citigroup predicts that Macau’s GGR will be down 25 per cent year-on-year in January.<\/p>\n","protected":false},"author":176,"featured_media":17661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Investment banks project a significant year-on-year decline in Macau's January GGR, with forecasts indicating a substantial drop from both prior year and pre-pandemic levels, primarily attributed to the Omicron variant. Concurrently, the Macau government anticipates a drastic reduction in 2022 junket tax revenue, underscoring the profound impact of ongoing regulatory pressures and high-profile arrests within the VIP gaming sector.","focusai_entities":"Citigroup, Bank of America Securities, JP Morgan Securities, Sanford C. Bernstein Ltd, DICJ, Suncity Group Holdings, Alvin Chau Cheok Wa","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the key drivers and potential mitigating factors that could alter the current GGR forecasts for Macau beyond Q1 2022, considering both pandemic controls and evolving regulatory frameworks?"},{"label":"Junket Sector Impact","query":"How will the significant reduction in junket licenses and tax contributions, coupled with high-profile arrests, fundamentally reshape Macau's VIP gaming segment and its long-term revenue composition?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-26009","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\/26009","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=26009"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26009\/revisions"}],"predecessor-version":[{"id":26024,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26009\/revisions\/26024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}