Analysts have forecast a GGR fall in the range of 70 percent to 80 percent<\/strong><\/em><\/a> for March in year-on-year terms. <\/p>\n\n\n\nThe result would come off the back of a tough February, where GGR levels were the lowest recorded since 2004.<\/p>\n\n\n\n
JP Morgan Securities (Asia Pacific) Ltd revealed in a note that March gaming revenue in Macau was faring \u201ca little better, but still bad\u201d compared to the prior month. <\/p>\n\n\n\n
According with the brokerage, Macau GGR for the first 15 days of March was estimated at MOP2.85 billion (\u20ac319 million), \u201cdown 75 percent to 80 percent year-on-year\u201d.<\/p>\n\n\n\n
“We think week-on-week trend is almost meaningless at this point as it is will continue to be extremely volatile, driven by a small group of players,\u201d said analysts DS Kim, Derek Choi and Jeremy An.<\/p>\n\n\n\n
They added: \u201cVIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling\u201d in terms of meaningful patterns.<\/p>\n\n\n\n
Sanford C. Bernstein Ltd, also made its forecasts in memo where it noted that last week\u2019s average daily rate (ADR) \u201cimproved slightly\u201d but month-to-date ADR was still down 77 percent compared to March 2019, as Macau continued to suffer from the ongoing coronavirus pandemic.<\/p>\n\n\n\n
\u201cWe estimate VIP has been stronger than mass, with high hold in VIP (over 4 percent) and significant volatility,\u201d wrote analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu.
<\/p>\n","protected":false},"excerpt":{"rendered":"
According to analysts, the month will end with slightly better results but the overall market is “still bad”.<\/p>\n","protected":false},"author":2,"featured_media":4044,"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 Gross Gaming Revenue (GGR) is projected to decline by 70-80% year-on-year for March, following February's record lows, primarily due to the ongoing coronavirus pandemic. Analysts from JP Morgan and Sanford C. Bernstein indicate that while March showed slight week-on-week improvement, the overall market remains severely impacted, with VIP segments performing marginally better than mass.","focusai_entities":"JP Morgan Securities (Asia Pacific) Ltd, DS Kim, Derek Choi, Jeremy An, Sanford C. Bernstein Ltd, Vitaly Umansky, Eunice Lee, Kelsey Zhu","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR recovery timeline?","query":"What are the projected timelines and key indicators for a meaningful GGR recovery in Macau, considering the ongoing pandemic and evolving travel restrictions?"},{"label":"VIP vs. Mass segment strategy?","query":"How are Macau integrated resort operators adjusting their operational and marketing strategies for the VIP versus mass gaming segments in response to the current market dynamics and GGR contraction?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-4557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4557","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4557"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4557\/revisions"}],"predecessor-version":[{"id":4569,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4557\/revisions\/4569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4044"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}