Macau’s gross gaming revenue saw a sharp rise from the first quarter.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at JP Morgan Securities (Asia Pacific)<\/strong> have reported that Macau\u2019s casino gross gaming revenue (GGR) for the first seven days of May is estimated to be around MOP4.5bn (US$556.7m)<\/strong>. This comes after the Labour Day holiday<\/a> generated daily casino GGR estimated at MOP900m from April 29 to May 3.<\/p>\n\n\n\n GGR dropped to half of that during the remaining four days of the reporting period until May 7, but it still appears that demand for mass-market gambling will be at least 90 per cent of pre-Covid levels during the holiday.<\/p>\n\n\n\n Analysts DS Kim <\/strong>and Mufan Shi <\/strong>said Macau GGR numbers are “looking great, despite frustratingly weak stock momentum,” referring to the recent decline in Macau’s gaming concessionaires’ stock prices.<\/p>\n\n\n\n According to the memo, MOP4.5bn GGR would imply a daily run-rate of MOP640m, which is significantly higher than the MOP490m per day achieved in April, “let alone MOP385m” daily in the first quarter this year.<\/p>\n\n\n\n The Gaming Inspection and Coordination Bureau <\/strong>reported that GGR for the month of April<\/a> was up 15.6 per cent month-on-month<\/a> from MOP12.73bn to MOP14.72bn (US$1.83bn). The figure was up 449.9 per cent when compared to last year. April was the best month since January 2020, before the Covid-19 pandemic began. Accumulated GGR for the first four months of the year was MOP46.36bn (US$5.75bn), a 141.4 per cent yearly increase.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau’s gross gaming revenue saw a sharp rise from the first quarter.<\/p>\n","protected":false},"author":176,"featured_media":25621,"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) for the first seven days of May is estimated at MOP4.5bn (US$556.7m), driven by strong Labour Day holiday performance with mass-market demand nearing 90% of pre-Covid levels. This daily run-rate of MOP640m significantly surpasses April's MOP490m and Q1's MOP385m, indicating robust market recovery despite weak stock momentum for concessionaires. April's GGR also increased 15.6% month-on-month to MOP14.72bn (US$1.83bn), marking the best month since January 2020.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Gaming Inspection and Coordination Bureau","focusai_location":"Macau","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":"Macau GGR Outlook","query":"What are the projected GGR growth rates for Macau's mass-market segment for the remainder of the fiscal year, considering the current recovery trajectory and potential headwinds?"},{"label":"Concessionaire Stock Impact","query":"How do current GGR performance metrics reconcile with the 'frustratingly weak stock momentum' of Macau's gaming concessionaires, and what factors are contributing to this divergence?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777004973","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\/777004973","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=777004973"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004973\/revisions"}],"predecessor-version":[{"id":777005021,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004973\/revisions\/777005021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25621"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}