Analysts at Citibank say Macau’s gross gaming revenue could be up 376 per cent month-on-month.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at Citibank have forecast that\u00a0Macau’s GGR for August<\/strong> could rise 376 per cent month-over-month\u00a0to MOP 1.5bn (US$185.7m). That figure would be one-third of what was recorded in August 2021.<\/p>\n\n\n\n Citibank noted that mainland tourists will remain cautious when deciding whether to consider Macau as a destination, even though Macau has resumed\u00a0its quarantine-free entry policy with Zhuhai<\/a>\u00a0since early August.<\/p>\n\n\n\n Macau recorded daily casino gross gaming revenue of MOP79m (US$9.8m)<\/a> for the week ending August 14. In July,\u00a0GGR was down 83.9 per cent<\/a>\u00a0<\/strong>month-on-month and 95.3 per cent year-on-year at MOP398m (US$49.2m) \u2013 the lowest GGR since 2003 when city authorities began publishing monthly figures.<\/p>\n\n\n\n Sanford Bernstein previously predicted that Macau’s average daily GGR in August could increase by 549 per cent month-on-month. However, it also said the results “may still be lower” if there were new Covid-19 outbreaks in Macau or mainland China.<\/p>\n\n\n\n The number of employees at gaming companies in Macau decreased by 4.3 per cent in the second quarter of the year when compared to the previous quarter. The Statistics and Census Service (DSEC) reported that 19.1 per cent of Macau\u2019s workforce was employed in the gaming sector, a drop of 0.5 percentage points quarter-on-quarter.<\/p>\n\n\n\n The gaming industry\u2019s underemployment figure rose 46.4 per cent when compared to the previous quarter to 4,100 at the end of June. That represented 26.4 per cent of the 15,700 underemployed in Macau.<\/p>\n\n\n\n According to the DSEC, unpaid or partially paid leave was the main cause of underemployment, accounting for 45.6 per cent of the total \u2013 an increase of 4 percentage points quarter-over-quarter.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at Citibank say Macau’s gross gaming revenue could be up 376 per cent month-on-month.<\/p>\n","protected":false},"author":176,"featured_media":25493,"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 from Citibank and Sanford Bernstein forecast a significant month-on-month increase in Macau's August GGR, driven by the resumption of quarantine-free entry with Zhuhai, though figures remain substantially below pre-pandemic levels. Concurrently, Macau's gaming sector experienced a 4.3% decrease in employment and a 46.4% rise in underemployment in Q2, primarily due to unpaid leave.","focusai_entities":"Citibank, Sanford Bernstein, Statistics and Census Service (DSEC)","focusai_location":"Macau, Zhuhai, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific factors, beyond the Zhuhai quarantine-free policy, are anticipated to drive the projected GGR recovery in Macau, and what are the key downside risks to these forecasts?"},{"label":"Labor Market Impact?","query":"How do the reported Q2 employment and underemployment trends in Macau's gaming sector impact long-term operational efficiency and the potential for a full-scale market recovery?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-32716","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/32716","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=32716"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32716\/revisions"}],"predecessor-version":[{"id":32733,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32716\/revisions\/32733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Number of Macau gaming workers down 4.3% in Q2<\/h2>\n\n\n\n