{"id":32082,"date":"2022-07-26T02:44:07","date_gmt":"2022-07-26T05:44:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32082"},"modified":"2026-04-23T06:33:35","modified_gmt":"2026-04-23T09:33:35","slug":"macau-ggr-will-be-down-99-in-july-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-will-be-down-99-in-july-analysts-say","title":{"rendered":"Macau GGR will be down 99% in July, analysts say"},"content":{"rendered":"\n<p>Bernstein Research predicts that Macau&#8217;s casino operators will report nearly zero revenue for July due to Covid-19 restrictions.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- While\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-reopen-but-the-outlook-isnt-good\" target=\"_blank\">casinos have reopened their doors after two weeks of closure<\/a>, business remains practically nil in a month that has had barely any visitors. Analysts at Sanford C. Bernstein expect casino gross gaming revenue (GGR) to be close to zero, and down 99 per cent compared with pre-pandemic July 2019.<\/p>\n\n\n\n<p>Analysts expect July&#8217;s average daily rate to be down 87 per cent from June&#8217;s. In June, Macau&#8217;s GGR plunged 25.9 per cent month on month, from MOP3.34bn (US$413.4m) in May to MOP2.48bn (US$310m). It was\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-plunges-to-lowest-monthly-tally-of-the-year\" target=\"_blank\">the lowest monthly GGR of the year<\/a>\u00a0and the lowest since September 2020.<\/p>\n\n\n\n<p>According to Sanford C. Bernstein,\u00a0<strong>Macau recorded a month-to-date GGR of MOP200m (US$24.8m)\u00a0<\/strong>between July 1 to July 24. The month-to-date average daily rate was MOP8m, down 99 per cent compared to July 2019 and down 97 per cent compared to July 2021.\u00a0<\/p>\n\n\n\n<p>Analysts noted that Macau&#8217;s GGR recovery depends on\u00a0<strong>reducing local Covid-19 cases to zero\u00a0<\/strong>and resuming quarantine-free travel with mainland China. Macau has reported 1,814 Covid-19 cases\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/a-new-outbreak-of-covid-19-cases-in-macau-puts-casinos-on-alert\" target=\"_blank\">since June 19.<\/a>\u00a0The government reported four new infections on Sunday but no community cases.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernstein Research predicts that Macau&#8217;s casino operators will report nearly zero revenue for July due to Covid-19 restrictions.<\/p>\n","protected":false},"author":176,"featured_media":22428,"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 casino operators are projected to report near-zero Gross Gaming Revenue (GGR) for July, with analysts from Sanford C. Bernstein forecasting a 99% decline compared to pre-pandemic July 2019. This severe downturn, following a 25.9% month-on-month GGR plunge in June, is attributed to ongoing COVID-19 restrictions and minimal visitor traffic, underscoring the market's dependence on quarantine-free travel with mainland China.","focusai_entities":"Bernstein Research, Sanford C. Bernstein, Macau\u2019s casino operators, Macau government","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook","query":"What specific policy interventions or epidemiological milestones are required for Macau's GGR to demonstrate a material recovery trajectory, and what is the projected timeline for such a rebound?"},{"label":"Operator Financial Resilience","query":"How are Macau's concessionaires managing liquidity and operational burn rates given sustained near-zero GGR, and what are the implications for their debt covenants and capital expenditure plans?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-32082","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\/32082","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=32082"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32082\/revisions"}],"predecessor-version":[{"id":32115,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32082\/revisions\/32115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22428"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}