{"id":27268,"date":"2022-02-15T07:05:10","date_gmt":"2022-02-15T10:05:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27268"},"modified":"2026-04-23T11:19:40","modified_gmt":"2026-04-23T14:19:40","slug":"macau-gaming-revenue-remains-strong-after-chinese-new-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-revenue-remains-strong-after-chinese-new-year","title":{"rendered":"Macau gaming revenue remains strong after Chinese New Year"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Macau\u2019s gross gambling revenue is reported to have hit its highest daily rate since the Golden Week holiday in May last year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong>Sanford C Bernstein Ltd<\/strong> has reported Macau\u2019s gross gambling revenue for the week after Chinese New Year hit its <strong>highest daily rate<\/strong> since the Golden Week holiday in May last year. GGR <strong>increased by 29 per cent week-on-week<\/strong> for an average daily rate of MOP428m (US$53.3m). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The best rate since the onset of the pandemic was MOP600m during last May&#8217;s Golden Week. Bernstein noted that visitation last week was actually 37 per cent lower than during the May holiday, indicating a stronger average spend per visitor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s another boost for casinos after GGR for the Chinese New Year period itself (between February 1 and 6) was <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-chinese-new-year-ggr-up-60-year-on-year\" target=\"_blank\">up 60 per cent<\/a> when compared to 2021. Sanford C Bernstein Ltd wrote that mass GGR is driven by strong visitation and premium play post-holiday. VIP also improved despite the hold rate dropping back to normal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analyst <strong>Vitaly Umansky<\/strong> forecast Macau\u2019s February GGR would be down 64 per cent compared to February 2019, but <strong>up circa 45 per cent from January 2022<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>JP Morgan Securities (Asia Pacific) Ltd<\/strong> also shared its report: \u201cGGR for the first 13 days of February is estimated at MOP5.0 billion (US$622.1m) or MOP384 million per day, representing 40 per cent-plus of pre-Covid levels,\u201d they said.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:<\/strong> <a href=\"https:\/\/focusgn.com\/asia-pacific\/melco-reaches-average-occupancy-rate-of-70-during-chinese-new-year\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/melco-reaches-average-occupancy-rate-of-70-during-chinese-new-year\" target=\"_blank\" rel=\"noreferrer noopener\">Melco reaches average occupancy rate of 70% during Chinese New Year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau\u2019s gross gambling revenue is reported to have hit its highest daily rate since the Golden Week holiday in May last year.<\/p>\n","protected":false},"author":226,"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 post-Chinese New Year GGR has reached its highest daily rate since May last year's Golden Week, driven by increased average spend per visitor despite lower visitation. Analysts from Sanford C Bernstein and JP Morgan report significant week-on-week growth and positive forecasts for February, indicating a robust recovery trajectory for the gaming vertical.","focusai_entities":"Sanford C Bernstein Ltd, Vitaly Umansky, JP Morgan Securities (Asia Pacific) Ltd, Melco","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific market segments (e.g., premium mass, VIP) are primarily contributing to Macau's GGR recovery, and what are the underlying socio-economic factors influencing average spend per visitor?"},{"label":"Regulatory Impact?","query":"How might the sustained GGR recovery in Macau influence the SAR government's regulatory stance on gaming concessions, particularly concerning diversification mandates and capital expenditure requirements for operators?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-27268","post","type-post","status-publish","format-standard","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\/27268","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27268"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27268\/revisions"}],"predecessor-version":[{"id":27298,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27268\/revisions\/27298"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}