Analysts have revised their GGR estimations due to the easing of travel restrictions.<\/p>\n\n\n\n\n\n\n\n
Macau.- Deutsche Bank Securities<\/strong> has revised its estimate for Macau’s 2023 casino gross gaming revenue (GGR) by 3.3 per cent. The move follows the easing of travel restrictions for mainland China, Macau and Hong Kong.<\/p>\n\n\n\n The new forecast is 2023 GGR of just over US$20.6bn. That compares to an earlier prediction of US$19.9bn made in November 2021.<\/p>\n\n\n\n Deutsche Bank’s updated forecast predicts a 28 per cent higher GGR than the Macau government’s own forecast<\/strong>. The aggregate Macau GGR for the first two months of this year is already 51.9 per cent of the 2022 total.<\/p>\n\n\n\n See also:<\/strong> Macau chief remains confident in 2023 GGR target<\/a><\/p>\n\n\n\n The<\/strong> Gaming Inspection and Coordination Bureau (DICJ)<\/strong> has reported that Macau\u2019s casinos generated MOP10.32bn (US$1.27bn) in GGR in February<\/a>. That\u2019s an increase of 33.1 per cent year-on-year but down 11 per cent when compared to January<\/a>.<\/p>\n\n\n\n For full-year 2022, Macau\u2019s casino GGR decreased by 51.4 per cent<\/strong> compared with 2021 to MOP42.19bn (US$5.25bn). That\u2019s just 14 per cent of pre-pandemic 2019 and the lowest yearly figure since 2004.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts have revised their GGR estimations due to the easing of travel restrictions.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank Securities has revised its 2023 Gross Gaming Revenue (GGR) estimate for Macau upwards by 3.3% to over US$20.6bn, attributing the change to the easing of travel restrictions from mainland China and Hong Kong. This new forecast significantly exceeds the Macau government's own projections, signaling a robust recovery for the region's gaming sector following a challenging 2022.","focusai_entities":"Deutsche Bank Securities, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau, China, Hong Kong","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 (0.8)","focusai_suggestions":[{"label":"Macau GGR Sustainability?","query":"What are the key drivers for the sustained GGR recovery in Macau beyond initial travel restriction easing, and what are the potential headwinds?"},{"label":"Analyst vs. Government Forecasts?","query":"What factors contribute to the significant discrepancy between Deutsche Bank's revised GGR forecast and the Macau government's own projections for 2023?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777002923","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002923","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=777002923"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002923\/revisions"}],"predecessor-version":[{"id":777002960,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002923\/revisions\/777002960"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}