The daily run rate was MOP530m compared to MOP500m in the previous quarter.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at\u00a0JP Morgan Securities (Asia Pacific) <\/strong>have reported the market-wide casino gross gaming revenue (GGR) in\u00a0Macau reached MOP4.80bn (US$595.2m)<\/strong>\u00a0in the first nine days of July alone. This translates to a daily run-rate of over MOP530m, surpassing the second quarter’s MOP500m (US$571.4m) per day.<\/p>\n\n\n\n It’s the highest non-holiday GGR for Macau since the start of the Covid-19 pandemic. The positive numbers are attributed to several factors, including the two weekends in the period reviewed. The rise bodes well for the upcoming summer holidays.<\/p>\n\n\n\n JP Morgan analysts\u00a0DS Kim\u00a0<\/strong>and\u00a0Mufan Shi\u00a0<\/strong>said: “At this level, we believe mass GGR is comfortably running at 90-per cent-plus of pre-Covid level, and we continue to expect 100-per cent-plus recovery in mass by October.”<\/p>\n\n\n\n JP Morgan has estimated that Macau’s casino operations achieved record-high EBITDA margins of 26 per cent in the second quarter. It is optimistic that margins could continue to improve and potentially reach 30 per cent by 2025.<\/p>\n\n\n\n In June<\/a>, Macau recorded GGR of just under MOP15.21bn (US$1.88bn), a 2.3 per cent decline\u00a0from May<\/a>. Macau\u2019s casino GGR for the first half of 2023 was MOP80.14bn (US$9.93bn), up 205.1 per cent. Macau\u2019s 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":" The daily run rate was MOP530m compared to MOP500m in the previous quarter.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 casino Gross Gaming Revenue (GGR) reached MOP4.80bn in the first nine days of July, with a daily run-rate of MOP530m, surpassing Q2's MOP500m and marking the highest non-holiday GGR since the pandemic. JP Morgan analysts project mass GGR to recover to 90%+ of pre-Covid levels, anticipating 100%+ by October, alongside improving EBITDA margins potentially reaching 30% by 2025. This indicates a robust recovery trajectory for the Macau gaming market.","focusai_entities":"JP Morgan Securities (Asia Pacific), JP Morgan, DS Kim, Mufan Shi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Mass GGR Outlook","query":"What specific factors beyond the two weekends and summer holidays are underpinning the accelerated mass GGR recovery in Macau, and what are the potential headwinds to achieving 100%+ pre-Covid levels by October?"},{"label":"EBITDA Margin Sustainability","query":"Given the projected increase in Macau's casino EBITDA margins to 30% by 2025, what operational efficiencies or revenue mix shifts are anticipated to drive this improvement, and how sustainable are these margins amidst potential future market fluctuations or regulatory changes?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777007114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007114","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=777007114"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007114\/revisions"}],"predecessor-version":[{"id":777007154,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007114\/revisions\/777007154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}