Average daily casino GGR was MOP380m.<\/p>\n\n\n\n\n\n\n\n
Macau.- JP Morgan Securities (Asia Pacific) Ltd <\/strong>has estimated that Macau’s casino gross gaming revenue (GGR) for the first five days of February stands at approximately MOP1.9bn (US$235.1m)<\/strong>, or MOP380 million per day. This level of GGR suggests a recovery of “45 per cent or more” when compared to pre-Covid-19 levels.<\/p>\n\n\n\n According to analysts, the GGR estimate for the first five days of February is better than expected, with a boost from post-holiday demand in the high-end mass-market and VIP segments. <\/p>\n\n\n\n Analyst DS Kim said all operators, excluding SJM Holdings Ltd due to the operating expenses of Grand Lisboa Palace, are expected to comfortably achieve positive free cash flow, which will be confirmed with first-quarter results.<\/p>\n\n\n\n Macau GGR grew 232.6 per cent month-on-month from MOP3.48bn (US$433n) in December to MOP11.6bn in January<\/a>. Revenue was up 82.5 per cent year-on-year<\/a> and represents the best monthly performance since January 2020 \u2013 before the Covid-19 pandemic \u2013 thanks to a rise in visitors after the ending of China and Macau\u2019s \u2018zero-covid\u2019 policies before the seven-day Chinese New Year<\/a> holiday period.<\/p>\n","protected":false},"excerpt":{"rendered":" Average daily casino GGR was MOP380m.<\/p>\n","protected":false},"author":176,"featured_media":22971,"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 casino GGR for the first five days of February reached MOP1.9bn (US$235.1m), averaging MOP380m daily, indicating a recovery of over 45% compared to pre-Covid-19 levels. This performance, boosted by post-holiday demand in high-end mass-market and VIP segments, is better than expected, with most operators projected to achieve positive free cash flow, excluding SJM Holdings. January's GGR of MOP11.6bn marked an 82.5% year-on-year increase, representing the best monthly performance since January 2020, following the cessation of 'zero-covid' policies.","focusai_entities":"JP Morgan Securities (Asia Pacific) Ltd, DS Kim, SJM Holdings Ltd","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Segment Sustainability?","query":"What specific factors are driving the stronger-than-expected performance in the high-end mass-market and VIP segments, and are these trends sustainable in the long term?"},{"label":"Operator Capital Allocation?","query":"How do the projected free cash flow positive outcomes for most Macau operators, excluding SJM Holdings, impact their capital expenditure plans and potential dividend policies for the upcoming fiscal periods?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777002121","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\/777002121","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=777002121"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002121\/revisions"}],"predecessor-version":[{"id":777002139,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002121\/revisions\/777002139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22971"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}