Casino gross gaming revenue reached MOP7.20bn.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at\u00a0JP Morgan Securities (Asia Pacific)\u00a0<\/strong>have reported that Macau’s casino gross gaming revenue (GGR) for the first half of August was MOP7.20bn (US$894.1m). That makes a daily run-rate of MOP553m.\u00a0<\/p>\n\n\n\n According to analysts, last week’s revenue was up 7 per cent week-on-week due to seasonal influences and the end of unfavourable weather. They highlighted the stability of mass GGR now at 90 per cent to 95 per cent of pre-Covid-19 levels and anticipated a progression beyond 100 per cent by October.<\/p>\n\n\n\n In July,\u00a0Macau recorded its best monthly performance since January 2020<\/a>, at the beginning of the Covid-19 pandemic. GGR was MOP16.66bn (US$2.07bn), up 9.6 per cent\u00a0month-on-month<\/a>\u00a0and up 4,083 per cent year-on-year.\u00a0Ho Iat Seng<\/strong>, Macau\u2019s chief executive, has forecast that\u00a0the city\u2019s gaming revenue for 2023<\/a> could reach MOP180bn (US$22.3bn).<\/p>\n","protected":false},"excerpt":{"rendered":" Casino gross gaming revenue reached MOP7.20bn.<\/p>\n","protected":false},"author":176,"featured_media":25402,"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) for the first half of August reached MOP7.20bn, with a daily run-rate of MOP553m, marking a 7% week-on-week increase. Analysts project mass GGR to exceed 100% of pre-Covid levels by October, following July's robust MOP16.66bn performance. The Chief Executive forecasts MOP180bn in GGR for 2023.","focusai_entities":"JP Morgan Securities (Asia Pacific), Ho Iat Seng","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Trajectory","query":"What specific market segments or operational efficiencies are expected to drive Macau's mass GGR beyond 100% of pre-Covid levels by October, and what are the potential sensitivities to this projection?"},{"label":"Concessionaire Financial Impact","query":"How will the reported GGR performance and 2023 forecast impact the Q3 and Q4 financial guidance for Macau's integrated resort concessionaires, particularly concerning EBITDA margins and capital expenditure plans?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777008227","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\/777008227","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=777008227"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008227\/revisions"}],"predecessor-version":[{"id":777008240,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008227\/revisions\/777008240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}