the Chinese New Year holiday period<\/a>, which boosted GGR to MOP11.6bn (US$1.4bn). In 2022, China’s lunar new year holiday had fallen mostly in February. February’s GGR was the third-highest since January 2020 but represents only 40.7 per cent of the 2019 level of MOP25.37bn.<\/p>\n\n\n\nGGR for the year to date is MOP21.9bn, representing a 55.3 per cent increase. This cumulative amount has already surpassed more than half of the revenue generated last year.<\/p>\n\n\n\n
According to analysts DS Kim and Mufan Shi from JP Morgan<\/strong>, the results show a daily run-rate of MOP369m, consistent with January’s rate of MOP374m per day, even without the holiday period. It said that February’s gaming revenue indicates a 65 per cent recovery for the mass market and a 15 per cent recovery for the VIP segment.<\/p>\n\n\n\nMacau’s casinos hae benefited from the lifting of Covid-19 measures in China and the resulting increase in tourist arrivals. For full-year 2022, Macau\u2019s casino GGR decreased by 51.4 per cent<\/strong> compared with 2021 to MOP42.19bn (US$5.25bn). <\/p>\n","protected":false},"excerpt":{"rendered":"February GGR was the third-highest since January 2020.<\/p>\n","protected":false},"author":176,"featured_media":18146,"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) reached MOP10.32bn (US$1.27bn) in February, marking a 33.1% year-on-year increase but an 11% decline from January due to the Chinese New Year holiday shift. This figure represents the third-highest GGR since January 2020, yet remains at 40.7% of 2019 levels, with analysts noting a 65% recovery in the mass market and 15% in the VIP segment.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), JP Morgan, DS Kim, Mufan Shi","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook?","query":"What is the projected timeline for Macau's GGR to return to pre-pandemic levels, considering the current recovery rates in mass market versus VIP segments and anticipated tourism trends?"},{"label":"Impact of China Policy?","query":"How might potential shifts in China's outbound tourism policies or economic conditions further influence Macau's GGR trajectory and the balance between its gaming verticals?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777002874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002874","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=777002874"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002874\/revisions"}],"predecessor-version":[{"id":777002905,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002874\/revisions\/777002905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}