{"id":28910,"date":"2022-04-12T11:09:29","date_gmt":"2022-04-12T14:09:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28910"},"modified":"2026-04-23T09:40:04","modified_gmt":"2026-04-23T12:40:04","slug":"macau-ggr-wont-return-to-pre-pandemic-levels-until-2027-ubs-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-wont-return-to-pre-pandemic-levels-until-2027-ubs-says","title":{"rendered":"Macau GGR won’t return to pre-pandemic levels until 2027, UBS says"},"content":{"rendered":"\n

The financial services company says Macau GGR for 2022 will be at 34 per cent of 2019 levels.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0The global financial services firm UBS <\/strong>estimates that Macau’s gross gaming revenue (GGR) is unlikely to return to pre-pandemic levels until 2027. It predicts a 29 per cent drop in revenue this year, forecasting sales of around $12bn, 34 per cent of 2019 levels<\/strong> ($36bn).<\/p>\n\n\n\n

Mass market revenue is expected to reach 90 per cent of pre-Covid levels this year, compared to 25 per cent for VIP.\u00a0UBS has also cut its 2023 forecast by 15 per cent due to the ongoing Covid-19 outbreak in mainland China<\/a>. It now predicts GGR for 2023 will reach 64 per cent of 2019 levels.<\/p>\n\n\n\n

A few days ago,\u00a0Fitch Ratings<\/strong>\u00a0predicted\u00a0Macau\u2019s gross gaming revenue (GGR) for 2022 will be about 44 per cent<\/a>\u00a0of pre-pandemic levels. Analysts expect the city could see revenue of MOP129bn. Sanford C. Bernstein Ltd previously came to a similar conclusion<\/a>, predicting that Macau\u2019s GGR could recover 47 per cent year-over-year in 2022 to around 44 per cent of pre-pandemic levels seen in 2019.<\/p>\n\n\n\n

Macau\u2019s full-year gross gambling revenue<\/a> for 2021 was up 43.7 per cent year-on-year at MOP86.86bn (US$10.82bn).<\/p>\n\n\n\n

Macau average daily revenue up 3% last week<\/h2>\n\n\n\n

Sanford C. Bernstein Ltd<\/strong> has reported that average daily sales in Macau reached MOP100m in the week ended April 10 week-on-week. That\u2019s a 3 per cent increase on the previous week, but still down 16 per cent when compared to March.<\/p>\n\n\n\n

Month-to-date gross gaming revenue was MOP1bn (US$123m)<\/strong>, down 87 per cent from pre-pandemic levels and down 64 per cent from a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"

The financial services company says Macau GGR for 2022 will be at 34 per cent of 2019 levels.<\/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":"Financial institutions UBS, Fitch Ratings, and Sanford C. Bernstein Ltd project Macau's GGR will not return to pre-pandemic levels until 2027, with 2022 and 2023 forecasts significantly below 2019 figures. The slow recovery is attributed to ongoing COVID-19 outbreaks in mainland China, disproportionately impacting the VIP segment compared to the mass market.","focusai_entities":"UBS, Fitch Ratings, Sanford C. Bernstein Ltd","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Recovery","query":"What specific policy or market shifts are anticipated to accelerate the recovery of Macau's VIP gaming segment, given its disproportionately slow projected rebound compared to the mass market?"},{"label":"Operator Capital Allocation","query":"How are Macau's integrated resort operators adjusting their capital expenditure and operational strategies in response to the extended GGR recovery timeline and the shift in revenue mix towards the mass market?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-28910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28910","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=28910"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28910\/revisions"}],"predecessor-version":[{"id":28914,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28910\/revisions\/28914"}],"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=28910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}