{"id":777002396,"date":"2023-02-14T14:40:40","date_gmt":"2023-02-14T17:40:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002396"},"modified":"2026-04-23T00:39:36","modified_gmt":"2026-04-23T03:39:36","slug":"macau-ggr-likely-to-exceed-us1-17bn-in-february-jp-morgan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-likely-to-exceed-us1-17bn-in-february-jp-morgan","title":{"rendered":"Macau GGR likely to exceed US$1.17bn in February \u2013 JP Morgan"},"content":{"rendered":"\n<p>JP Morgan forecasts that Macau&#8217;s gross gaming revenue (GGR) for February is likely to exceed MOP9.5bn (US$1.17bn).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at<strong> JP Morgan <\/strong>have forecast that Macau that GGR for February is likely to exceed MOP9.5bn (US$1.17bn) and an average daily rate of MOP350m. Analyst DS Kim noted that the gross gaming revenue run rate for February remains stable and solid, indicating a continued recovery.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us544-2m-in-first-12-days-of-february\" target=\"_blank\">Gross gaming revenue<\/a>&nbsp;(GGR) from Macau\u2019s casinos in the first 12 days of February amounted to<strong>&nbsp;MOP4.4bn (US$544.2m)<\/strong>. The current month&#8217;s data indicates <strong>a 40 to 45 per cent recovery in headline GGR <\/strong>compared to pre-Covid-19 levels, with mass-market gross gaming revenue at 60 to 70 per cent.<\/p>\n\n\n\n<p>Analysts believe all gaming operators are already generating positive free cash flows. If February&#8217;s gross gaming revenue turns out to be strong, the market could revise its 2024 estimates upwards.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-232-6-in-january\" target=\"_blank\">Macau\u2019s 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","protected":false},"excerpt":{"rendered":"<p>JP Morgan forecasts that Macau&#8217;s gross gaming revenue (GGR) for February is likely to exceed MOP9.5bn (US$1.17bn).<\/p>\n","protected":false},"author":176,"featured_media":17661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan forecasts Macau's February Gross Gaming Revenue (GGR) to exceed MOP9.5bn, indicating a stable recovery with mass-market GGR at 60-70% of pre-Covid levels. This sustained performance, following January's surge post-zero-Covid policies and Chinese New Year, suggests Macau operators are generating positive free cash flows, potentially leading to upward revisions of 2024 market estimates.","focusai_entities":"JP Morgan, DS Kim","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":"2024 GGR Revisions?","query":"What specific qualitative and quantitative factors, beyond current recovery rates, would JP Morgan consider for an upward revision of Macau's 2024 GGR estimates?"},{"label":"Mass Market Sustainability?","query":"How sustainable is the current 60-70% mass-market GGR recovery, and what are the potential macroeconomic or competitive headwinds for its continued growth in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777002396","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\/777002396","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=777002396"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002396\/revisions"}],"predecessor-version":[{"id":777002419,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002396\/revisions\/777002419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}