{"id":34269,"date":"2022-10-10T09:31:25","date_gmt":"2022-10-10T12:31:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34269"},"modified":"2026-04-23T04:06:16","modified_gmt":"2026-04-23T07:06:16","slug":"macaus-ggr-for-first-nine-days-of-october-stands-at-us210-2m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-ggr-for-first-nine-days-of-october-stands-at-us210-2m","title":{"rendered":"Macau\u2019s GGR for first nine days of October stands at US$210.2m"},"content":{"rendered":"\n

Average daily casino GGR during October Golden Week was between 15 and 20 per cent of pre-pandemic levels.<\/p>\n\n\n\n\n\n\n\n

Macau.- J.P. Morgan has reported that Macau\u2019s average daily casino gaming revenue (GGR) in the first nine days of October was MOP1.7bn<\/strong> (US$210.2m), or about MOP190m a day. The period included the October Golden Week holiday, which saw average daily casino gaming revenue of 15 to 20 per cent of the pre-pandemic levels. <\/p>\n\n\n\n

The figure is estimated to be double the daily run rate in September, when gross gaming revenue (GGR)<\/strong> was up 35.4 per cent month-on-month<\/a> from MOP2.19bn (US$270.8m) to MOP2.96bn (US$366.3m).<\/p>\n\n\n\n

Mass market revenue recovered to 30 to 35 per cent of pre-Covid levels, while VIP revenue recovered by 20 per cent, thanks to an increase in inbound travel. JP Morgan stated that the results were positive considering that the city has not yet benefited from the renewal of tour packages and the return of electronically issued exit visas for Chinese residents<\/a>, including the individual visit scheme (IVS), which will come in November.<\/p>\n\n\n\n

Analysts maintained their belief that Macau will see sequential improvements in mass GGR and industry profitability through 2023 before a “full recovery” in 2024. In July, JP Morgan predicted that Macau\u2019s casino gross gaming revenue <\/strong>(GGR) will reach only 19 per cent of 2019 levels this year<\/a>. They expect 2023 GGR could rebound to 40 per cent of pre-pandemic levels. <\/p>\n","protected":false},"excerpt":{"rendered":"

Average daily casino GGR during October Golden Week was between 15 and 20 per cent of pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":17023,"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 average daily casino GGR during October Golden Week reached 15-20% of pre-pandemic levels, doubling September's daily run rate. This recovery, driven by increased inbound travel and a stronger mass market segment, is viewed positively by J.P. Morgan. Analysts anticipate sequential improvements through 2023 and a full recovery by 2024, contingent on the renewal of tour packages and the Individual Visit Scheme (IVS).","focusai_entities":"J.P. Morgan","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS Impact","query":"What is the projected incremental GGR contribution from the reintroduction of electronically issued exit visas and tour packages, specifically the IVS, in November 2022 and throughout 2023, and how does this refine the 'full recovery' timeline?"},{"label":"Recovery Drivers","query":"How do the divergent recovery trajectories of the mass market (30-35% of pre-Covid) and VIP segments (20% of pre-Covid) influence Macau operators' capital allocation, marketing strategies, and B2B supplier engagement for 2023-2024?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-34269","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\/34269","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=34269"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34269\/revisions"}],"predecessor-version":[{"id":34287,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34269\/revisions\/34287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17023"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}