Deutsche Bank’s predictions put GGR for Q2 at 39 per cent below 2019 levels.<\/p>\n\n\n\n\n\n\n\n
Macau.- Deutsche Bank has slightly lowered its estimate for Macau’s GGR this year to $21.47bn. That would be up 307 per cent yearly, but 41 per cent lower than 2019. That’s a start contrast with the\u00a0Macau government’s budgetary predictions for 2023<\/a>, which anticipated GGR of MOP$130bn (US$16bn).<\/p>\n\n\n\n Deutsche Bank has forecast\u00a0US$5.56bn in gross gaming revenue (GGR) for the second quarter of 2023. That would be up 423 per cent year-on-year but still 39 per cent below 2019.<\/p>\n\n\n\n In May,\u00a0Macau’s gaming industry<\/a>\u00a0generated MOP15.57bn (US$1.93bn) in GGR. The figure was\u00a0up 5.7 per cent when compared to April<\/a>\u00a0and up 365.9 per cent from May 2022. The\u00a0results were the best since January 2020<\/strong>, before the start of the Covid-19 pandemic. <\/p>\n\n\n\n May was the third consecutive month in which sales increased sequentially. Accumulated GGR for the first five months of the year was MOP64.93bn (US$9.71bn), a 172.9 per cent yearly increase.<\/p>\n\n\n\n However, according to Asian Gaming Brief, analyst\u00a0Carlo Santarelli<\/strong>\u00a0has identified indications of deceleration. May’s GGR figures showed a 2.3 per cent daily improvement compared to April when the historical average increase from 2012 to 2019 is of +3.3 per cent. Deutsche Bank has predicted that Macau’s gaming industry will not fully recover to 2019 levels until 2024.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Deutsche Bank’s predictions put GGR for Q2 at 39 per cent below 2019 levels.<\/p>\n","protected":false},"author":176,"featured_media":19870,"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 has revised its 2023 Gross Gaming Revenue (GGR) forecast for Macau to US$21.47bn, a 41% decrease from 2019 levels, contrasting with the Macau government's more conservative MOP$130bn projection. While May 2023 GGR showed sequential growth and was the best since January 2020, analysts note a deceleration in daily improvement, with full recovery to 2019 levels not anticipated until 2024.","focusai_entities":"Deutsche Bank, Macau government, Asian Gaming Brief, Carlo Santarelli","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 (0.9)","focusai_suggestions":[{"label":"Macau GGR Forecast Discrepancy","query":"What specific factors contribute to the significant discrepancy between Deutsche Bank's GGR forecast and the Macau government's budgetary predictions for 2023?"},{"label":"Recovery Drivers Analysis","query":"Beyond the reported GGR figures, what underlying drivers (e.g., VIP vs. mass market, tourism recovery, policy changes) are influencing the pace of Macau's gaming market recovery towards 2019 levels?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906],"class_list":["post-777005954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005954","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=777005954"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005954\/revisions"}],"predecessor-version":[{"id":777005971,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005954\/revisions\/777005971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19870"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}