{"id":27058,"date":"2022-02-08T07:22:44","date_gmt":"2022-02-08T10:22:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27058"},"modified":"2026-04-23T11:32:18","modified_gmt":"2026-04-23T14:32:18","slug":"macau-chinese-new-year-ggr-up-60-year-on-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-chinese-new-year-ggr-up-60-year-on-year","title":{"rendered":"Macau Chinese New Year GGR up 60% year-on-year"},"content":{"rendered":"\n<p>Macau has seen average daily revenue of MOP333m (US$41.4m) during the Chinese New year period between February 1 and 6.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that Macau\u2019s gross gaming revenue (GGR) for the Chinese New Year period was up 60 per cent when compared to <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-fewer-visitors-than-expected-for-cny\" target=\"_blank\">2021<\/a>. Meanwhile, authorities have revealed that average daily tourist arrivals were up 25.4 per cent year-on-year to 16,242 visitors.\u00a0<\/p>\n\n\n\n<p>Macau welcomed<strong> 113,699 visitors <\/strong>during the Chinese New Year period, up 25.4 per cent year-on-year.<\/p>\n\n\n\n<p>Bernstein analysts added the CNY performance was &#8220;better than expected&#8221;. They now estimate that February&#8217;s monthly GGR will be 29 per cent higher than\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-20-3-in-january\" target=\"_blank\">January<\/a>, but still 68 per cent lower than January 2019.<\/p>\n\n\n\n<p>Analysts stated: &#8220;Recovery will depend on the travel situation with China and the strength of the post CNY business. The shortened Covid testing requirement and travel impediments and Covid outbreaks in China will impact near term GGR.&nbsp;<\/p>\n\n\n\n<p>&#8220;Longer-term, IVS eVisa and group visa restart and HK travel resumption will drive GGR recovery, driven by mass and premium mass.&#8221;<\/p>\n\n\n\n<p>JP Morgan Securities Ltd said Macau&#8217;s Chinese New Year GGR was &#8220;not half as bad as feared&#8221;. Analysts added the first six days of the holiday generated MOP2bn (US$249.2m) in GGR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau has seen average daily revenue of MOP333m (US$41.4m) during the Chinese New year period between February 1 and 6.<\/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":"Macau's Gross Gaming Revenue (GGR) during the Chinese New Year period (February 1-6) reached MOP2bn (US$249.2m), marking a 60% year-on-year increase and surpassing analyst expectations. Despite this short-term uplift, GGR remains significantly below 2019 levels, with full market recovery contingent on the easing of travel impediments from mainland China and the resumption of IVS eVisa and group visa schemes.","focusai_entities":"Sanford C. Bernstein Ltd, JP Morgan Securities Ltd","focusai_location":"Macau, China, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS eVisa timeline?","query":"What specific policy changes are anticipated regarding IVS eVisa and group visa resumption, and what is the projected timeline for their implementation and impact on GGR?"},{"label":"Macau GGR vs. peers?","query":"How do current GGR recovery projections for Macau compare to other major gaming jurisdictions, and what unique regulatory or market factors contribute to this differential?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906],"class_list":["post-27058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27058","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=27058"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27058\/revisions"}],"predecessor-version":[{"id":27064,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27058\/revisions\/27064"}],"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=27058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}