June is typically the weakest month for GGR in Macau.<\/p>\n\n\n\n\n\n\n\n
Macau.- JP Morgan Securities (Asia Pacific) have predicted a fall in Macau’s gross gaming revenue (GGR) this month due to seasonal factors. Analysts DS Kim and Mufan Shi estimate that GGR for the first four days of June was MOP1.80bn<\/strong> (US$223m), which aligns with run rates in the second half of May (10 per cent below the full-month figure).<\/p>\n\n\n\n A downturn in June would be expected since it’s typically the weakest month for casinos in Macau. Analysts indicated that mass revenue and EBITDA are likely to reach 80 per cent and 65 per cent of pre-Covid levels respectively in the second quarter of the year.<\/p>\n\n\n\n The release of second-quarter results will coincide with the summer holiday season, which marks the first time since reopening that there will be no hotel or labour constraints. JP Morgan believes this period will stabilise investment sentiment<\/strong>, not only for Macau but also for Hong Kong and China.<\/p>\n\n\n\n In May, Macau\u2019s gaming industry<\/a> generated MOP15.57bn (US$1.93bn) in GGR. The figure was up 5.7 per cent when compared to April<\/a> and up 365.9 per cent from May 2022. The results 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","protected":false},"excerpt":{"rendered":" June is typically the weakest month for GGR in Macau.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 predict a seasonal decline in Macau's June GGR, despite strong May performance which saw MOP15.57bn (US$1.93bn) in GGR, marking the best month since January 2020. The report anticipates Q2 mass revenue and EBITDA to reach 80% and 65% of pre-Covid levels, respectively, with the upcoming summer holiday season expected to stabilize investment sentiment across Macau, Hong Kong, and China.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 Mass Revenue Outlook","query":"What specific factors are driving the projected 80% recovery of mass revenue to pre-Covid levels in Macau's Q2, and how sustainable is this trajectory given the seasonal June downturn?"},{"label":"Investment Sentiment Impact","query":"How might the stabilization of investment sentiment in Macau, Hong Kong, and China, as predicted by JP Morgan, translate into tangible capital inflows or M&A activity within the gaming and hospitality sectors?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777005994","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005994","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=777005994"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005994\/revisions"}],"predecessor-version":[{"id":777006026,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005994\/revisions\/777006026"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}