{"id":777005223,"date":"2023-05-15T13:39:21","date_gmt":"2023-05-15T16:39:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005223"},"modified":"2026-04-22T21:58:44","modified_gmt":"2026-04-23T00:58:44","slug":"macau-ggr-for-first-14-days-of-may-estimated-at-us990m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-for-first-14-days-of-may-estimated-at-us990m","title":{"rendered":"Macau GGR for first 14 days of May estimated at US$990m"},"content":{"rendered":"\n<p>JP Morgan estimates a daily run-rate of MOP570m.&nbsp;<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at<strong>&nbsp;JP Morgan Securities (Asia Pacific)<\/strong>&nbsp;have reported that Macau\u2019s casino gross gaming revenue (GGR) for the first two weeks&nbsp;of May is estimated at MOP8bn (US$990m), representing a daily run-rate of <strong>MOP570m<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Analyst<strong>&nbsp;DS Kim<\/strong>&nbsp;said predicted that the strong performance represents a higher baseline demand level rather than a temporary boost. Kim highlighted that even during the traditionally slower week following the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-received-491968-visitors-during-labour-day-holiday\" target=\"_blank\">Labour Day holiday<\/a>, GGR remained at a daily rate of MOP500m, surpassing the MOP400m+ rates observed before the holiday.&nbsp;<\/p>\n\n\n\n<p>The analyst noted that mass demand has reached around 80 to 85 per cent of pre-pandemic levels, while VIP demand has reached a recovery of approximately 25 to 30 per cent. These figures represent a significant improvement compared to the recovery rates of 65 per cent+ and 15 per cent+&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-247\" target=\"_blank\">in the first quarter of 2023<\/a>. The recovery in VIP GGR also suggests a doubling of direct VIP revenue compared to pre-Covid-19 levels.<\/p>\n\n\n\n<p>Despite&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-15-6-month-on-month-in-april\" target=\"_blank\">April&#8217;s record-breaking gross gaming revenue of MOP14.72bn<\/a>&nbsp;(US$1.83bn), the stocks of the six Hong Kong-listed gaming operators experienced a decline last week. Nevertheless, Kim remains optimistic that industry fundamentals are likely to drive positive sentiment&nbsp;and lead to an upward trajectory in stock performance as analyst forecasts are revised.<\/p>\n\n\n\n<p>Accumulated GGR for the first four months of the year has already reached MOP46.36bn (US$5.75bn), a 141.4 per cent yearly increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan estimates a daily run-rate of MOP570m.&nbsp;<\/p>\n","protected":false},"author":176,"featured_media":24846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan analysts estimate Macau's GGR for the first two weeks of May at MOP8bn, with a daily run-rate of MOP570m, indicating a robust baseline demand post-Labour Day. Mass market recovery is at 80-85% of pre-pandemic levels, and VIP demand at 25-30%, significantly improving from Q1 2023 and suggesting a doubling of direct VIP revenue compared to pre-Covid-19 levels.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers","query":"What specific factors are driving the accelerated recovery in Macau's mass and VIP GGR, and how sustainable are these trends given the current macroeconomic environment?"},{"label":"Operator Stock Performance","query":"Despite robust GGR, why did the stocks of Hong Kong-listed operators decline, and what are the key catalysts for the anticipated upward trajectory in their stock performance?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777005223","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/777005223","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=777005223"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005223\/revisions"}],"predecessor-version":[{"id":777005246,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005223\/revisions\/777005246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24846"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}