{"id":777006881,"date":"2023-07-04T09:20:35","date_gmt":"2023-07-04T12:20:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006881"},"modified":"2026-04-22T20:23:14","modified_gmt":"2026-04-22T23:23:14","slug":"gaming-analysts-divided-on-significance-of-june-ggr-results-in-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gaming-analysts-divided-on-significance-of-june-ggr-results-in-macau","title":{"rendered":"Gaming analysts divided on significance of June GGR results in Macau"},"content":{"rendered":"\n

Macau’s June results have sparked debate on the sector’s recovery.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts specialising in Macau’s gaming industry are divided following the release of June’s gaming results<\/a>. The Gaming Inspection and Coordination Bureau<\/strong> (DICJ) reported that the city\u2019s gross gaming revenue (GGR) was down 2.3 per cent in month-on-month terms<\/a>, from MOP15.57bn to MOP15.21bn (US$1.88bn), but up 513.9 per cent from June 2022.<\/p>\n\n\n\n

Macau\u2019s casino GGR for the first half of 2023 was MOP80.14bn (US$9.93bn), representing year-on-year growth of 205.1 per cent. While some experts view the results as promising, others express caution, suggesting a potential “plateau” in the mass-driven rebound.<\/p>\n\n\n\n

Alidad Tash<\/strong>, the managing director at 2nt8 Limited, told Macau Business that the June results were encouraging, considering that this month typically experiences lower visitation and gaming activity. He said that as transportation gradually returns to pre-pandemic levels, the introduction of non-gaming initiatives like concerts and new hotel offerings are attracting higher occupancy rates, and gross gaming revenue for the second half is expected to see a gradual improvement.<\/p>\n\n\n\n

Tash anticipated the industry will reach 60 per cent of its pre-pandemic 2019 levels. First-half gross gaming revenue has already accounted for 61 per cent of the government’s full-year forecast of MOP130bn<\/a>.<\/p>\n\n\n\n

Carlo Santarelli<\/strong>, an analyst at Deutsche Bank, pointed out that although GGR showed a month-to-month decline, average daily revenue rose by 1 per cent from May. <\/p>\n\n\n\n

On the other hand, Ben Lee<\/strong>, the managing partner of IGamiX Management Consulting, noted that June marked the first month without month-on-month growth since February, leading to speculation that the sector’s mass-driven recovery may have levelled-off. <\/p>\n\n\n\n

Lee attributed this to the end of the Macau Government Tourism Office’s promotions<\/a>, which included free accommodation and travel incentives, as well as an unexpected return of some junket activity. Tourism authorities continue to implement various initiatives to attract visitors, including collaboration with airlines to offer flight ticket discounts. But although Macau recorded a daily average of over 70,000 tourists in June, arrivals from beyond China accounted for less than 6 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau’s June results have sparked debate on the sector’s recovery.<\/p>\n","protected":false},"author":176,"featured_media":26650,"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 of MOP15.21bn, while down 2.3% month-on-month, represents a significant 513.9% year-on-year increase, sparking debate among analysts regarding the pace of the sector's recovery. While some experts view the H1 2023 GGR, already at 61% of the full-year forecast, as promising due to non-gaming initiatives and returning visitation, others caution a potential plateau in the mass-driven rebound following the cessation of government promotions.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), 2nt8 Limited, Alidad Tash, Macau Business, Deutsche Bank, Carlo Santarelli, IGamiX Management Consulting, Ben Lee, Macau Government Tourism Office","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 GGR Outlook?","query":"What specific non-gaming initiatives and infrastructure developments are projected to drive the anticipated gradual improvement in Macau's GGR for the second half of 2023, and how might these mitigate the \"plateau\" effect observed in mass-driven recovery?"},{"label":"Mass Market Sustainability?","query":"Given the cessation of Macau Government Tourism Office promotions and the unexpected return of some junket activity, what are the long-term sustainability prospects for Macau's mass-market recovery, and what strategies are operators deploying to maintain growth without direct government incentives?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777006881","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\/777006881","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=777006881"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006881\/revisions"}],"predecessor-version":[{"id":777006938,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006881\/revisions\/777006938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26650"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}