{"id":34011,"date":"2022-10-02T22:01:20","date_gmt":"2022-10-03T01:01:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34011"},"modified":"2026-04-23T04:22:14","modified_gmt":"2026-04-23T07:22:14","slug":"macau-ggr-up-35-3-in-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-35-3-in-september","title":{"rendered":"Macau GGR up 35.3% in September"},"content":{"rendered":"\n

Macau’s economy continues to rebound. Nevertheless, judged year-on-year, GGR in September was 49.6 per cent down.<\/p>\n\n\n\n\n\n\n\n

Macau.- Authorities in Macau reported September’s casino gross gaming revenue (GGR)<\/strong> was up 35.4 per cent\u00a0month-on-month<\/a>\u00a0from MOP2.19bn (US$270.8m) to MOP2.96bn (US$366.3m).<\/p>\n\n\n\n

However, when compared to the previous year, the figure was down 49.6 per cent. The Gaming Inspection and Coordination Bureau (DICJ)<\/strong> also reported that in the third quarter of the current year, GGR was MOP5.55bn.<\/p>\n\n\n\n

Tourism and casino sectors improved sequentially after July, which had been affected by a 12-day casino closure. July saw Macau\u2019s worst outbreak of Covid-19 since the beginning of the pandemic, leading to the lowest GGR figure since records began in 2003<\/a>.<\/p>\n\n\n\n

Macau\u2019s GGR for the first nine months of 2022 <\/strong>combined stands at MOP31.82bn, down 53.1 per cent year-on-year.<\/p>\n\n\n\n

Macau hotels still have rooms available ahead of October Golden Week<\/h2>\n\n\n\n

The countdown for China\u2019s upcoming national holidays<\/strong> has begun, but it doesn\u2019t seem that there will be a huge movement of tourists. According to a survey conducted by GGRAsia, as of Wednesday, most of Macau\u2019s luxury hotels in casino resorts still had rooms available<\/strong>.<\/p>\n\n\n\n

It found that only six out of 23 five-star hotels had at least three nights fully booked during October Golden Week from October 1 to 7. MGM Cotai\u2019s Emerald Tower and Skylofts accommodations are sold out for most nights while Wynn Macau Ltd, has four out of the seven nights fully booked.<\/p>\n\n\n\n

The Banyan Tree Macau had three nights booked out, while Galaxy Hotel and Hotel Okura Macau, also at the Galaxy Macau resort, were full for six out of seven nights. Sands Casino Hotel Macau already has all seven nights booked up.<\/p>\n\n\n\n

The Londoner Macao Hotel and Londoner Court at the Londoner Macao resort have at least four nights sold out, but neither of those are rated five stars by the local tourism authority. The Grand Lisboa Hotel, Grand Lisboa Hotel and Grand Lisboa Palace still have rooms available for most nights of the holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau’s economy continues to rebound. Nevertheless, judged year-on-year, GGR in September was 49.6 per cent down.<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 September GGR increased 35.4% month-on-month to MOP2.96bn, yet remained 49.6% below prior-year levels, reflecting the lingering impact of July's 12-day casino closure. Q3 GGR stood at MOP5.55bn, with the year-to-date GGR down 53.1% year-on-year. Hotel occupancy for the upcoming October Golden Week indicates a partial, rather than full, recovery in tourism volumes.","focusai_entities":"MGM Cotai, Wynn Macau Ltd, Banyan Tree Macau, Galaxy Hotel, Hotel Okura Macau, Sands Casino Hotel Macau, The Londoner Macao Hotel, Londoner Court, Grand Lisboa Hotel, Grand Lisboa Palace, Gaming Inspection and Coordination Bureau (DICJ), GGRAsia","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Projections","query":"Given the sequential GGR improvement in September and mixed Golden Week hotel occupancy, what are the revised GGR projections for Macau in Q4 2022, and what are the key upside or downside catalysts?"},{"label":"Concessionaire Valuations","query":"How do the reported GGR figures and the subdued Golden Week tourism outlook influence the current market valuations and investment theses for the major Macau concessionaires?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-34011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34011","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=34011"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34011\/revisions"}],"predecessor-version":[{"id":34012,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34011\/revisions\/34012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}