The base mass segment has reached 75 to 80 per cent of pre-Covid-19 performance.<\/p>\n\n\n\n\n\n\n\n
Macau.- JP Morgan analysts\u00a0DS Kim<\/strong>,\u00a0Mufan Shi<\/strong>, and\u00a0Selina Li\u00a0<\/strong>have reported that Macau’s mass gross gaming revenue (GGR) has reached approximately 93 to 94 per cent of pre-pandemic benchmarks. The premium mass segment’s resurgence has been even stronger, rebounding to\u00a0110 per cent of 2019 levels<\/strong>. The grind or base mass segment has reached 75 to 80 per cent of pre-Covid-19 performance.<\/p>\n\n\n\n Macau\u2019s GGR for August was up 686.4 per cent year-on-year and 3.3 per cent\u00a0month-on-month<\/a>\u00a0to\u00a0MOP17.21bn (US$2.13bn)<\/a>. This translates to a daily run-rate of MOP555m, representing a recovery to 71 per cent of pre-Covid-19 levels.<\/p>\n\n\n\n September’s GGR is not anticipated to grow further due to seasonal factors since the month is a transition between the summer holidays and the October Golden Week. Super Typhoon Saola led to the closure of casinos for a period on Friday night. JP Morgan analysts maintain a positive outlook on the Macau gaming sector, suggesting that investors consider a long-term investment approach, holding positions for over 12 months.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" The base mass segment has reached 75 to 80 per cent of pre-Covid-19 performance.<\/p>\n","protected":false},"author":176,"featured_media":25621,"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 mass GGR has recovered to 93-94% of pre-pandemic levels, with premium mass exceeding 2019 benchmarks at 110%. August GGR reached MOP17.21bn (US$2.13bn), marking a significant year-on-year increase, though September growth is tempered by seasonal factors and a typhoon. JP Morgan analysts maintain a positive long-term outlook for the sector.","focusai_entities":"JP Morgan, DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the specific drivers behind the premium mass segment's outperformance relative to base mass, and how sustainable is this trend given the broader economic indicators in the Greater China region?"},{"label":"Investment Thesis Validation","query":"Given the JP Morgan analysts' long-term positive outlook, what are the key downside risks or potential headwinds that could challenge the sustained recovery and investment thesis for Macau gaming operators over the next 12-24 months?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777008909","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\/777008909","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=777008909"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008909\/revisions"}],"predecessor-version":[{"id":777008936,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008909\/revisions\/777008936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25621"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}