{"id":777006210,"date":"2023-06-13T07:05:22","date_gmt":"2023-06-13T10:05:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006210"},"modified":"2026-04-22T21:03:30","modified_gmt":"2026-04-23T00:03:30","slug":"macau-ggr-for-first-11-days-of-june-estimated-at-us66-27m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-for-first-11-days-of-june-estimated-at-us66-27m","title":{"rendered":"Macau GGR for first 11 days of June estimated at US$66.27m"},"content":{"rendered":"\n

JP Morgan says Macau’s casino gross gaming revenue (GGR) has reached its highest non-holiday levels since the Covid-19 pandemic.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at\u00a0JP Morgan Securities (Asia Pacific)<\/strong>\u00a0have reported that Macau’s gross gaming revenue (GGR) has reached its highest non-holiday levels since the onset of the Covid-19 pandemic. According to analysts, daily GGR averaged MOP530m (US$65.7m) last week. <\/p>\n\n\n\n

In a note published on Monday, analysts DS Kim and Mufan Shi said that estimated GGR for the first 11 days of June stood at MOP5.5bn<\/strong> (US$66.27m), with a daily run-rate of MOP500m (US$61.9m).\u00a0The GGR run rate improved over the past two to three weeks but numbers are logically down against April and May due to their holiday periods \u2013 June is historically one of the months with lowest GGR.<\/p>\n\n\n\n

Analysts attributed the improvement to a series of concerts by Hong Kong singer Jacky Cheung Hok-yau at\u00a0the Venetian Macao casino resort<\/a>\u00a0and the opening ceremony of the Karl Lagerfeld hotel at the Grand Lisboa Palace property, which helped drive the weekly recovery.<\/p>\n\n\n\n

Despite the positive trajectory, JP Morgan expects GGR to soften in June due to seasonality. The brokerage forecasts the full-month revenue to range between MOP14bn (US$172.72m) and MOP14.5bn (US$179.15m), which would be lower than May’s MOP15.57bn (US$1.93bn)<\/a> and April’s MOP14.72bn (US$1.83bn)<\/a>.<\/p>\n\n\n\n

Nonetheless, analysts have recently indicated that mass revenue and EBITDA are likely\u00a0to reach 80 per cent and 65 per cent of pre-Covid levels<\/a>\u00a0respectively in the second quarter of the year. 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\u00a0this period will stabilise investment sentiment, not only for Macau but also for Hong Kong and China.<\/p>\n","protected":false},"excerpt":{"rendered":"

JP Morgan says Macau’s casino gross gaming revenue (GGR) has reached its highest non-holiday levels since the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":20789,"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 reports Macau's GGR has reached its highest non-holiday levels since the pandemic, averaging MOP530m daily last week, driven by specific events. Despite an expected seasonal softening in June, Q2 mass revenue and EBITDA are projected to recover significantly to 80% and 65% of pre-Covid levels, respectively. This positive trajectory, coupled with the upcoming summer holiday season free of operational constraints, is anticipated to stabilize investment sentiment across Macau, Hong Kong, and China.","focusai_entities":"JP Morgan, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Jacky Cheung Hok-yau, Venetian Macao, Karl Lagerfeld hotel, Grand Lisboa Palace","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers","query":"What specific non-gaming amenities and events are proving most effective in driving mass market GGR recovery in Macau, and how sustainable are these drivers beyond peak event periods?"},{"label":"Q2 Recovery Outlook","query":"Given the projected Q2 mass revenue and EBITDA recovery to 80% and 65% of pre-Covid levels, what are the key operational efficiencies or market shifts contributing to this performance, particularly in the absence of prior constraints?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777006210","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\/777006210","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=777006210"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006210\/revisions"}],"predecessor-version":[{"id":777006228,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006210\/revisions\/777006228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20789"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}