Gross gaming revenue averaged MOP400m per day.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at Citigroup and JP Morgan Securities (Asia Pacific) have reported that Macau’s casino gross gaming revenue (GGR) for the first ten days of April is estimated to be around MOP4.0bn (US$494.4m)<\/strong>. That’s MOP400m per day, lower than the MOP495m a day in the last 12 days of March.<\/p>\n\n\n\n Analysts DS Kim and Mufan Shi of JP Morgan noted there is a potential margin of error in these weekly checks, with a deviation of 5-10 per cent possible for any given week. They say the actual GGR could be stronger, with mass GGR is operating at 70 per cent or more of pre-Covid levels. <\/p>\n\n\n\n Citigroup reports that Macau’s gaming industry experienced a 10 per cent decrease in VIP volumes month-on-month, while mass volumes remained largely flat in early April. It said the VIP hold rate appears to be normal. Citigroup is maintaining its April GGR estimate of MOP12.0bn, which is equivalent to around 51 per cent of the same month in 2019.<\/p>\n\n\n\n Analysts stressed despite the increased tourism, Macau’s visitor volume is not necessarily a proxy for the city’s GGR performance. Authorities reported that 481,765 visitors arrived in Macau<\/strong> during the six-day period from April 5 to April 10<\/a>, which included the Chinese festival of Ching Ming and the Easter holidays.<\/p>\n\n\n\n In March<\/a>, Macau\u2019s gaming industry generated MOP12.73bn (US$1.57bn) in GGR. This was a 247 per cent year-on-year increase<\/a>, but the figure is still down 50 per cent when compared to 2019.<\/p>\n","protected":false},"excerpt":{"rendered":" Gross gaming revenue averaged MOP400m per day.<\/p>\n","protected":false},"author":176,"featured_media":16856,"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 early April gross gaming revenue (GGR) is estimated at MOP4.0bn, averaging MOP400m daily, a decrease from March's MOP495m daily average. While mass GGR operates at 70%+ of pre-Covid levels, VIP volumes saw a 10% month-on-month decrease. Analysts maintain April GGR estimates at MOP12.0bn, emphasizing that increased tourism does not directly correlate with GGR performance.","focusai_entities":"Citigroup, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Segment Analysis","query":"What specific operational or market factors are contributing to the observed divergence in recovery rates between Macau's mass market and VIP gaming segments, and how might this impact future capital expenditure and marketing strategies?"},{"label":"Tourism-GGR Correlation","query":"Given the stated disconnect between visitor volume and GGR performance, what refined metrics or indicators are Macau operators and analysts employing to accurately forecast revenue, and what are the implications for infrastructure development and marketing spend?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777004216","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\/777004216","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=777004216"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004216\/revisions"}],"predecessor-version":[{"id":777004249,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004216\/revisions\/777004249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}