{"id":777002338,"date":"2023-02-13T14:43:50","date_gmt":"2023-02-13T17:43:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002338"},"modified":"2026-04-23T00:41:10","modified_gmt":"2026-04-23T03:41:10","slug":"macau-ggr-reaches-us544-2m-in-first-12-days-of-february","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us544-2m-in-first-12-days-of-february","title":{"rendered":"Macau GGR reaches US$544.2m in first 12 days of February"},"content":{"rendered":"\n<p>Analysts at JP Morgan say the month-to-date figures show a 40-45 per cent recovery compared to pre-Covid-19 levels.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-&nbsp;<strong>JP Morgan Securities (Asia Pacific) Ltd<\/strong>&nbsp;estimates the gross gaming revenue (GGR) from Macau&#8217;s casinos in the first 12 days of February&nbsp;amounted to<strong> MOP4.4bn (US$544.2m)<\/strong>. That translates to a run-rate of MOP367m per day, up slightly from <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-ggr-for-first-five-days-of-february-stands-at-us235-1m\" target=\"_blank\">around MOP357m a day last week<\/a>, despite the expected dip <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-records-451047-tourist-arrivals-during-chinese-new-year\" target=\"_blank\">after the Chinese New Year holidays<\/a>.<\/p>\n\n\n\n<p>Analyst DS Kim wrote that the month-to-date figures show a 40-45 per cent recovery compared to pre-Covid-19 levels and that mass GGR has recovered to 60-70 per cent in comparison with the first two months of 2019 (chosen to account for the fluctuations in the timing of the lunar new year).<\/p>\n\n\n\n<p>Kim said February GGR is likely to surpass MOP9.5bn, or MOP350m a day, beating expectations.<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-232-6-in-january\" target=\"_blank\">Macau&#8217;s January GGR<\/a>&nbsp;saw a sharp increase of 232.6 per cent month-on-month after the end of the zero-Covid policies in mainland China and Macau and a surge in visits during Chinese New Year.<\/p>\n\n\n\n<p>Several Macau casino operators have reported a significant improvement in business, and Morgan Stanley Asia Ltd noted that the demand for gaming in Macau remained strong in early February. It noted that flight frequencies mainland China to Macau have recovered to 70 per cent&nbsp;of pre-Covid-19 levels, which is a positive sign for the premium mass segment, which mainly travels by air.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan say the month-to-date figures show a 40-45 per cent recovery compared to pre-Covid-19 levels.<\/p>\n","protected":false},"author":176,"featured_media":32940,"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) for the first 12 days of February reached MOP4.4bn, indicating a 40-45% recovery compared to pre-Covid-19 levels, with mass GGR at 60-70% of 2019 figures. Analysts project February's total GGR to exceed MOP9.5bn, driven by strong demand post-zero-Covid policies and increased flight frequencies from mainland China. This sustained recovery, following a significant January surge, signals a robust market rebound for Macau's gaming sector.","focusai_entities":"JP Morgan Securities (Asia Pacific) Ltd, DS Kim, Morgan Stanley Asia 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 Recovery Drivers?","query":"Beyond the immediate post-zero-Covid surge and Chinese New Year effect, what underlying demand factors are sustaining Macau's GGR recovery to 40-45% of pre-pandemic levels, and what is the projected elasticity of this demand?"},{"label":"Segmental Performance Analysis?","query":"With mass GGR recovering to 60-70% of 2019 levels and premium mass benefiting from increased flight frequencies, what are the specific revenue mix implications for Macau's integrated resort operators, and how does this compare to pre-pandemic segment contributions?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777002338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002338","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=777002338"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002338\/revisions"}],"predecessor-version":[{"id":777002380,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002338\/revisions\/777002380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}