{"id":28116,"date":"2022-03-16T06:58:09","date_gmt":"2022-03-16T09:58:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28116"},"modified":"2026-04-23T10:29:52","modified_gmt":"2026-04-23T13:29:52","slug":"macaus-march-ggr-will-be-down-42-month-on-month-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-march-ggr-will-be-down-42-month-on-month-analysts-say","title":{"rendered":"Macau&#8217;s March GGR will be down 42% month-on-month, analysts say"},"content":{"rendered":"\n<p>Analysts attribute the fall to tighter Covid-19 countermeasures due to a rise in Covid-19 cases in mainland China.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at investment bank Citi have predicted that Macau&#8217;s gross gaming revenue (GGR) for March will be down 42 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-22-in-february\" target=\"_blank\">when compared to February<\/a>\u00a0at around MOP4.5bn (US$558.5m). The forecast comes after Macau imposed\u00a0<strong>quarantine restrictions on inbound travellers from Guangdong province\u00a0<\/strong>and other parts of mainland China, including Shanghai, Tianjin and Beijing areas.<\/p>\n\n\n\n<p>GGR had risen 22 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-20-3-in-january\" target=\"_blank\">month-on-month<\/a>\u00a0in February to MOP7.76bn (US$963.8m). However, the average daily rate in the second week of March declined to MOP114m (US$14.1m).\u00a0<strong>Month-to-date GGR is MOP146m (US$18m)<\/strong>, down 55 per cent year-on-year and down 15 per cent when compared to pre-pandemic levels.<\/p>\n\n\n\n<p>From March 13, travellers entering Macau who have stayed anywhere in Zhongshan City and Shenzhen City in Guangdong Province\u200b\u200b are required to undergo quarantine on arrival at designated locations for a minimum of seven days and a maximum of 14 days from their date of departure from the area concerned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts attribute the fall to tighter Covid-19 countermeasures due to a rise in Covid-19 cases in mainland China.<\/p>\n","protected":false},"author":176,"featured_media":26697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts at Citi project Macau's March Gross Gaming Revenue (GGR) to decline 42% month-on-month to MOP4.5bn, primarily due to intensified COVID-19 quarantine restrictions impacting inbound travel from mainland China. This forecast highlights significant market volatility, following a 22% GGR increase in February, and represents a 55% year-on-year reduction, underscoring the ongoing challenges for the region's gaming vertical.","focusai_entities":"Citi","focusai_location":"Macau, China, Guangdong province, Shanghai, Tianjin, Beijing, Zhongshan City, Shenzhen City","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), supplier_vendor (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 Earnings Impact?","query":"How will this projected March GGR decline specifically impact the Q1 2022 earnings reports for Macau's listed gaming concessionaires?"},{"label":"Regulatory Framework Adaptations?","query":"What potential adaptations to the regulatory framework or market support measures might the Macau government consider if GGR continues to underperform due to prolonged travel restrictions?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-28116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28116","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=28116"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28116\/revisions"}],"predecessor-version":[{"id":28128,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28116\/revisions\/28128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26697"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}