{"id":777004893,"date":"2023-05-04T13:08:38","date_gmt":"2023-05-04T16:08:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004893"},"modified":"2026-04-22T22:18:15","modified_gmt":"2026-04-23T01:18:15","slug":"macaus-mass-market-demand-rebounds-to-90-of-pre-covid-levels","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-mass-market-demand-rebounds-to-90-of-pre-covid-levels","title":{"rendered":"Macau\u2019s mass market demand rebounds to 90% of pre-Covid levels"},"content":{"rendered":"\n<p>According to J.P. Morgan, mass demand was strong during the Labour Day holiday.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>J.P. Morgan<\/strong> has reported that Macau&#8217;s mass market demand rebounded to over 90 per cent of pre-Covid-19 levels during the Labour Day holiday period. <strong>DS Kim&nbsp;<\/strong>of JP Morgan Securities (Asia Pacific) said visitor arrivals should &#8220;remain better compared to pre-Covid days&#8221;.<\/p>\n\n\n\n<p>During the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/analysts-expect-strong-labour-day-break-for-macau-casinos\" target=\"_blank\">five-day Golden Week holiday<\/a>, 491,968 tourists visited Macau, representing 77 per cent of the figure reported in the four-day Labour Day holiday in 2019.&nbsp;However, despite good results in mass demand, J.P. Morgan pointed out that direct VIP was far from pre-Covid levels and only achieved a 30 per cent recovery in gross game revenue despite the decline of junket operators.<\/p>\n\n\n\n<p>Total gross gaming revenue could have recovered to about 65-70 per cent for the Labour Day holiday, significantly higher than the 45 per cent recovery reported in the first quarter.&nbsp;The<strong> summer holiday between July and August<\/strong> is expected to be the next stimulus for the gaming industry, with the demand run rate estimated to &#8220;move up another notch&#8221;, J.P. Morgan said.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-15-6-month-on-month-in-april\" target=\"_blank\">Macau GGR up 15.6% month-on-month in April<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to J.P. Morgan, mass demand was strong during the Labour Day holiday.<\/p>\n","protected":false},"author":176,"featured_media":21500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"J.P. Morgan reports Macau's mass market demand during the Labour Day holiday rebounded to over 90% of pre-Covid levels, with total GGR recovering to 65-70%, significantly up from Q1's 45%. While visitor arrivals were strong, direct VIP GGR only reached 30% of pre-pandemic figures, despite the decline of junket operators. The summer holiday is anticipated as the next growth catalyst for the gaming industry.","focusai_entities":"J.P. Morgan, JP Morgan Securities (Asia Pacific), DS Kim","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), affiliate_publisher (0.7), marketing_crm (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"What is Macau's GGR outlook?","query":"What are the specific GGR projections for Macau's gaming market for the remainder of the year, considering the observed recovery trends in mass market and the persistent lag in direct VIP segments?"},{"label":"How are junkets impacting VIP?","query":"To what extent has the structural decline of junket operators permanently altered the direct VIP segment's contribution to Macau's overall GGR, and what strategies are operators deploying to mitigate this impact?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777004893","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\/777004893","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=777004893"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004893\/revisions"}],"predecessor-version":[{"id":777004922,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004893\/revisions\/777004922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21500"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}