{"id":777007963,"date":"2023-08-07T07:23:19","date_gmt":"2023-08-07T10:23:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007963"},"modified":"2026-04-22T19:19:22","modified_gmt":"2026-04-22T22:19:22","slug":"macaus-mass-market-ggr-to-reach-85-90-of-2019-levels-in-2023-sp","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-mass-market-ggr-to-reach-85-90-of-2019-levels-in-2023-sp","title":{"rendered":"Macau&#8217;s mass-market GGR to reach 85-90% of 2019 levels in 2023 &#8211; S&amp;P"},"content":{"rendered":"\n<p>S&amp;P Global Ratings expects a complete rebound in Macau by 2024.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at S&amp;P Global Ratings have anticipated that this year&#8217;s mass-market GGR to reach 85 per cent to 90 per cent of the 2019 levels and 100 per cent next year. The estimate for this year compares to a previous forecast of between 75 per cent and 85 per cent.<\/p>\n\n\n\n<p>A week ago, JP Morgan Securities (Asia Pacific) said that\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-premium-mass-ggr-rebounds-to-100-of-pre-pandemic-levels\" target=\"_blank\">Macau\u2019s GGR potentially rebounded to \u201c100 per cent plus\u201d of pre-pandemic levels in July<\/a>, primarily driven by the premium mass gaming segment. Macau&#8217;s second-quarter GGR was MOP45.49bn (US$5.66bn), up 31.3 per cent from the first quarter of 2023. This quarterly performance represented 62 per cent of the GGR achieved during the same period in 2019.<\/p>\n\n\n\n<p>Mass GGR reached nearly MOP33.34bn in the second quarter, equaling 86.1 per cent of the comparable period in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings expects a complete rebound in Macau by 2024.<\/p>\n","protected":false},"author":176,"featured_media":16275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"S&P Global Ratings has upgraded its Macau GGR forecast, projecting mass-market GGR to reach 85-90% of 2019 levels this year and a full rebound by 2024. This revision follows JP Morgan's assessment of a \"100% plus\" rebound in July, primarily driven by the premium mass segment, with Q2 2023 GGR achieving 62% of 2019 levels.","focusai_entities":"S&P Global Ratings, JP Morgan Securities (Asia Pacific)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Operator Valuations?","query":"How might S&P's revised GGR forecasts for Macau influence the valuation multiples and investment attractiveness of publicly traded casino operators with significant exposure to the region?"},{"label":"Premium Mass Sustainability?","query":"Given the strong performance of the premium mass gaming segment, what are the long-term sustainability factors and potential risks for this vertical in Macau's evolving market, particularly concerning player acquisition and retention strategies?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777007963","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\/777007963","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=777007963"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007963\/revisions"}],"predecessor-version":[{"id":777007975,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007963\/revisions\/777007975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16275"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}