gaming revenue<\/a> was MOP2.96bn (US$366.3m).<\/p>\n\n\n\nCitigroup cuts predictions for Macau\u2019s GGR in October to US$680.2m<\/h2>\n\n\n\n
Analysts at Citigroup have reduced their estimates for Macau\u2019s October GGR. Citigroup had previously predicted that Macau\u2019s GGR could reach MOP7.0bn (US$865.7m). However, analysts now forecast MOP5.5bn (US$680.2m) due to weak revenue during October Golden week.<\/p>\n\n\n\n
Citigroup also stressed the daily average casino GGR in Macau during the national holiday period was lower than the MOP200m a day during the Labour Day holidays in May. Revenue was also lower than that recorded during the Chinese New Year holiday period from late January to early February.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts at Fitch Ratings Inc have predicted that Macau’s gross gaming revenue will only reach 70 per cent of 2019 levels in two years’ time.<\/p>\n","protected":false},"author":176,"featured_media":19810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings and Citigroup have revised down Macau's GGR forecasts, predicting a prolonged recovery to only 70% of 2019 levels within two years. This outlook is primarily driven by China's persistent zero-Covid policy, slower economic growth, and recent outbreaks, which continue to suppress gaming demand and limit operator funding access.","focusai_entities":"Fitch Ratings Inc, Wang Changbin, Citigroup","focusai_location":"Macau, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GGR Recovery Timeline?","query":"What specific policy shifts or economic indicators would accelerate Macau's GGR recovery beyond the current 70% of 2019 levels within two years, particularly concerning China's zero-Covid strategy?"},{"label":"Operator Funding Impact?","query":"How will the sustained GGR suppression and limited access to funding impact the capital expenditure plans and debt servicing capabilities of Macau's concessionaires over the next 12-24 months?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-34391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34391","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=34391"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34391\/revisions"}],"predecessor-version":[{"id":34426,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34391\/revisions\/34426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19810"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}