Macau GGR reached MOP8.25bn (US$1.03bn) in the first 16 days of the month.<\/p>\n\n\n\n\n\n\n\n
Macau.- Macau’s gaming industry<\/strong> is surpassing revenue projections for July, reaching an estimated MOP8.25bn (US$1.03bn) in the first 16 days of the month. This translates to a daily run-rate of MOP5150m<\/strong> in daily gross gaming revenue (GGR), despite the challenges posed by Typhoon No.8, which brought the city to a temporary halt on Monday (July 17).<\/p>\n\n\n\n Analysts at\u00a0JP Morgan Securities (Asia Pacific)\u00a0<\/strong>said GGR for the first half of July marks an increase from the second quarter’s daily run-rate, which stood at MOP500m.\u00a0However, analysts noted there was a temporary moderation in last week’s casino revenue, estimated at approximately MOP493m per day. This drop was attributed to the impact of Typhoon Talim and related last-minute cancellations. Despite this, Macau’s GGR is projected to hit its highest level since the pandemic at over MOP16bn (US$1.99bn) or MOP515m per day.<\/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":" Macau GGR reached MOP8.25bn (US$1.03bn) in the first 16 days of the month.<\/p>\n","protected":false},"author":176,"featured_media":26764,"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 Gross Gaming Revenue (GGR) reached MOP8.25bn (US$1.03bn) in the first 16 days of July, exceeding Q2 daily run-rates despite typhoon impacts. Analysts project July GGR to surpass MOP16bn, marking the highest monthly performance since the pandemic, driven by a significant 205.1% year-on-year increase in H1 2023 GGR.","focusai_entities":"JP Morgan Securities (Asia Pacific)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Typhoon Impact Mitigation","query":"What specific operational resilience strategies did Macau's integrated resorts implement to mitigate the GGR impact of Typhoon No.8 and Talim, and how effective were they in maintaining business continuity?"},{"label":"Q3 GGR Projections","query":"Given the strong July GGR run-rate and H1 2023 growth, what are the revised Q3 GGR projections for Macau, and what are the key drivers and potential headwinds influencing these forecasts?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777007362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007362","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=777007362"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007362\/revisions"}],"predecessor-version":[{"id":777007397,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007362\/revisions\/777007397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}