Analysts at JP Morgan Securities suggest it’s not yet time to celebrate Macau’s return.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0JPMorgan Securities (Asia Pacific) <\/strong>has said that Macau’s tourism market performed “good but not spectacular” during the first four days of the Chinese New Year holiday period. It also warned that historically attendance figures have not been an accurate indication of gross gaming revenue (GGR) and that the majority of gaming volume usually occurs between the fourth and sixth day of the holidays.<\/p>\n\n\n\n However, analyst DS Kim indicated that a 50 per cent-plus recovery in mass GGR compared to the holiday period in 2019, is ‘safely feasible’. JP Morgan expects\u00a0January’s daily average gross gaming revenue to exceed MOP200m<\/strong> (US$24.8m) and to represent a 25 per cent to 40 per cent recovery in total and mass GGR, respectively.<\/p>\n\n\n\n The first five days of Chinese New Year<\/a> saw 318,000 arrive in Macau. That averages at 63,600 per day, an increase of 291.9 per cent\u00a0over the same period in 2022<\/a>. The majority of visitors were from mainland China (182,250, or 57.3 per cent of all arrivals). Visitors from Hong Kong represented 37.1 per cent of visitors at 117,842.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at JP Morgan Securities suggest it’s not yet time to celebrate Macau’s return.<\/p>\n","protected":false},"author":176,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JPMorgan Securities analysts advise caution regarding Macau's tourism recovery post-Chinese New Year, noting that initial attendance figures may not fully reflect Gross Gaming Revenue (GGR). While daily arrivals significantly increased year-over-year, the firm projects a more conservative 25-40% recovery in total and mass GGR for January compared to 2019 levels, with the majority of gaming volume typically occurring later in the holiday period.","focusai_entities":"JPMorgan Securities (Asia Pacific), DS Kim","focusai_location":"Macau, China, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific factors could accelerate or decelerate Macau's GGR recovery beyond the initial Chinese New Year period, and how might this impact operator profitability and capital expenditure plans?"},{"label":"Mass vs. VIP Recovery","query":"Given the emphasis on mass GGR recovery, what are the long-term implications for Macau's gaming verticals, and how are operators adapting their product and marketing strategies to this shift?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777001816","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\/777001816","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=777001816"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001816\/revisions"}],"predecessor-version":[{"id":777001821,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001816\/revisions\/777001821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}