{"id":777008431,"date":"2023-08-22T08:05:31","date_gmt":"2023-08-22T11:05:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008431"},"modified":"2026-04-22T18:50:09","modified_gmt":"2026-04-22T21:50:09","slug":"macau-mass-ggr-to-reach-pre-covid-19-levels-in-october-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-mass-ggr-to-reach-pre-covid-19-levels-in-october-analysts-say","title":{"rendered":"Macau mass GGR to reach pre-Covid-19 levels in October, analysts say"},"content":{"rendered":"\n

Analysts at JP Morgan Securities predict a benefit from the October Golden Week.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at\u00a0JP Morgan Securities (Asia Pacific)\u00a0<\/strong>have reported that Macau’s mass-market casino gross gaming revenue (GGR) could reach 100 per cent of pre-Covid-19 pandemic levels during this year’s October Golden Week. Meanwhile, analysts at Citigroup highlighted an increase in high-value casino players, or “whales,” demonstrating a strong interest in gaming despite economic challenges in China.<\/p>\n\n\n\n

Analysts from both institutions pointed to promising trends in GGR performance. JP Morgan says GGR averaged at MOP560m (US$69.4m) per day\u00a0<\/strong>in the first 20 days of August. Mass-market GGR has reached a daily run rate of \u201c90 to 95 per cent of the pre-Covid level” for August.<\/p>\n\n\n\n

Citigroup noted a mix of “grade-A premium mass players” and more “casual” premium mass players. GGR for the first seven months of the year was MOP96.80bn (US$12bn).<\/p>\n\n\n\n

China\u2019s State Council has designated September 29 to October 6 as Golden Week. In 2022,\u00a0the holiday saw 182,000 visitors<\/a>, 163,000 of them from mainland China.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at JP Morgan Securities predict a benefit from the October Golden Week.<\/p>\n","protected":false},"author":176,"featured_media":26451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts from JP Morgan Securities and Citigroup project Macau's mass-market Gross Gaming Revenue (GGR) could reach pre-pandemic levels during the upcoming October Golden Week, driven by strong interest from high-value players. August GGR daily run rates are already approaching 90-95% of pre-Covid figures, indicating robust sector recovery despite broader economic challenges in China.","focusai_entities":"JP Morgan Securities (Asia Pacific), Citigroup, China's State Council","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Golden Week GGR Impact?","query":"What specific operational adjustments are Macau's concessionaires implementing to capitalize on the projected 100% pre-Covid mass-market GGR during Golden Week, particularly concerning premium mass player segmentation and retention?"},{"label":"China Economic Influence?","query":"How sustainable is the observed resilience in high-value player engagement in Macau, given the broader macroeconomic headwinds in mainland China, and what are the long-term implications for GGR diversification strategies?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777008431","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\/777008431","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=777008431"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008431\/revisions"}],"predecessor-version":[{"id":777008452,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008431\/revisions\/777008452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26451"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}