{"id":35062,"date":"2022-11-03T13:07:03","date_gmt":"2022-11-03T16:07:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35062"},"modified":"2026-04-23T03:19:25","modified_gmt":"2026-04-23T06:19:25","slug":"deutsche-bank-expects-macaus-ggr-to-reach-us1-82bn-in-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/deutsche-bank-expects-macaus-ggr-to-reach-us1-82bn-in-q4","title":{"rendered":"Deutsche Bank expects Macau\u2019s GGR to reach US$1.82bn in Q4"},"content":{"rendered":"\n

Deutsche Bank Securities Inc has updated its predictions for Macau’s GGR.<\/p>\n\n\n\n\n\n\n\n

Macau.- Deutsche Bank Securities<\/strong> has revised its outlook for Macau’s Q4 GGR <\/strong>to just above US$1.82bn, down 23.5 per cent year-on-year. That compares with a 70.4 per cent year-on-year contraction in the third quarter.<\/p>\n\n\n\n

Based on Deutsche Bank’s expectations, mass-market gross gaming revenue will be just over US$1.42bn, down 20.2 per cent; and VIP gross gaming revenue will be US$411.7m, down 32.9 per cent. <\/p>\n\n\n\n

The forecast comes after Macau reported that GGR in October<\/a> was up 31.6 per cent month-on-month, from MOP2.96bn (US$366.3m) to MOP3.90bn (US$482.3m). Macau\u2019s GGR for the first ten months of 2022 combined stands at MOP35.72bn.<\/p>\n\n\n\n

The company predicts that the return of electronically-issued exit visas for Chinese residents<\/a> will boost GGR. Earlier this week, the analyst DS Kim <\/strong>of JP Morgan Securities (Asia Pacific) <\/strong>suggested Macau\u2019s gaming sector<\/a> could reach positive earnings before interest, tax, depreciation and amortization (EBITDA) and about 35 per cent of pre-pandemic mass gross gaming revenue (GGR) in the following months.<\/p>\n\n\n\n

However, given the detection of new cases of Covid-19 in Macau and mainland China<\/a>, the scenario could easily change. After 10 new confirmed cases of Covid-19 infection, an initial round of mass testing concluded on Wednesday (November 2), with a second round scheduled for Friday and Saturday (November 4 and 5).<\/p>\n\n\n\n

Earlier this week, the MGM Cotai<\/strong> integrated resort was sealed off for 48 hours<\/a> after a casino table croupier<\/strong> tested positive. Some 1,596 people were quarantined at the complex, including staff and hotel guests.<\/p>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank Securities Inc has updated its predictions for Macau’s GGR.<\/p>\n","protected":false},"author":176,"featured_media":26764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank Securities has revised Macau's Q4 GGR forecast to just over US$1.82bn, representing a 23.5% year-on-year contraction, with both mass-market and VIP segments projected to decline. While the return of electronic exit visas offers potential upside, new COVID-19 cases and associated operational disruptions, such as the MGM Cotai lockdown, introduce significant downside risk to these projections. This outlook contrasts with a 31.6% month-on-month GGR increase reported for October.","focusai_entities":"Deutsche Bank Securities Inc, JP Morgan Securities (Asia Pacific), DS Kim, MGM Cotai","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Forecast Revisions?","query":"What specific factors are driving Deutsche Bank's downward revision of Macau's Q4 GGR, particularly concerning the mass-market versus VIP segments, and how do these align with or diverge from other analyst projections?"},{"label":"COVID Impact on Operations?","query":"Beyond GGR, what are the projected operational and EBITDA impacts for integrated resorts in Macau, such as MGM Cotai, given the recent COVID-19 outbreaks and associated public health measures?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-35062","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\/35062","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=35062"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35062\/revisions"}],"predecessor-version":[{"id":35086,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35062\/revisions\/35086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}