Macau\u2019s casino gross gambling revenue for was up 513.9 per cent from June 2022.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0The Gaming Inspection and Coordination Bureau<\/strong>\u00a0(DICJ) has reported that Macau\u2019s gross gaming revenue (GGR) was down 2.3 per cent\u00a0in month-on-month terms<\/a>\u00a0in June, from MOP15.57bn (US$1.93bn) to MOP15.21bn (US$1.88bn). The figure was up 513.9 per cent from June 2022.<\/p>\n\n\n\n It’s the first month that the city has seen a month-to-month decline in GGR since the removal of travel restrictions. However, JP Morgan Securities (Asia Pacific) Ltd analysts DS Kim <\/strong>and Mufan <\/strong>said the results were good and “broke with the seasonality” expected in June<\/strong>.<\/p>\n\n\n\n They added that mass GGR recovered to more than 90 per cent of pre-Covid-19 levels and estimated that VIP recovery has gained momentum, reaching over 25 per cent of pre-Covid levels. This suggests that direct VIP volumes have more than doubled compared to the pre-Covid-19 period.\u00a0<\/p>\n\n\n\n June this year included the four-day\u00a0Dragon Boat Festival holiday<\/a>, which\u00a0attracted an average of over 91,000 visitors per day. Second-quarter GGR amounted to MOP45.49nn, reflecting an increase of 31.3 per cent compared to the MOP34.64bn\u00a0generated in the first quarter<\/a>. The quarterly result represents 62 per cent of the MOP73.35bn achieved during the same period in 2019.<\/p>\n\n\n\n Macau’s casino GGR for the first half of 2023 was MOP80.14bn (US$9.93bn) \u2013 year-on-year growth of 205.1 per cent. Macau’s casino GGR for the entire year of 2022 stood at MOP42.20bn, down 51.4 per cent compared to the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau\u2019s casino gross gambling revenue for was up 513.9 per cent from June 2022.<\/p>\n","protected":false},"author":176,"featured_media":25493,"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 June GGR experienced a 2.3% month-on-month decline to MOP15.21bn, marking the first such dip post-travel restrictions, yet it surged 513.9% year-on-year. Analysts note strong mass GGR recovery to over 90% of pre-Covid levels and accelerating VIP recovery exceeding 25% of 2019 volumes, suggesting a break from typical seasonality. H1 2023 GGR reached MOP80.14bn, a 205.1% year-on-year increase.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), JP Morgan Securities (Asia Pacific) Ltd, DS Kim, Mufan","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"VIP Recovery Sustainability?","query":"How sustainable is the current VIP recovery momentum in Macau, particularly given the historical shift towards mass market dominance and evolving regulatory landscapes?"},{"label":"GGR Recovery to 2019?","query":"What specific policy adjustments or operational innovations are required to accelerate Macau's GGR recovery to pre-pandemic (2019) levels, beyond current organic growth?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777006835","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\/777006835","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=777006835"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006835\/revisions"}],"predecessor-version":[{"id":777006865,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006835\/revisions\/777006865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}