{"id":777008991,"date":"2023-09-06T07:59:28","date_gmt":"2023-09-06T10:59:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008991"},"modified":"2026-04-22T18:20:42","modified_gmt":"2026-04-22T21:20:42","slug":"macau-ggr-to-fall-6-in-september-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-fall-6-in-september-analysts-say","title":{"rendered":"Macau GGR to fall 6% in September, analysts say"},"content":{"rendered":"\n

Analysts at Morgan Stanley Asia have forecast that Macau’s GGR will drop due to the impact of Typhoon Saola.<\/p>\n\n\n\n\n\n\n\n

Macau.- Gross gaming revenue (GGR) in Macau could be down by 6 per cent for September, according to Morgan Stanley Asia<\/strong>.\u00a0Analysts\u00a0Praveen Choudhary<\/strong>\u00a0and\u00a0Gareth Leung<\/strong> estimate that GGR will amount to MOP16.1bn (US$1.99bn), equivalent to approximately MOP537m per day.<\/p>\n\n\n\n

The anticipated decline is influenced by the typical weaker performance in September in comparison to the holiday season of August but also the disruption caused by Typhoon Saola<\/a> on September 1 and 2.\u00a0<\/p>\n\n\n\n

When a typhoon signal of No.8 or higher is issued, public transport within Macau is suspended, ferry services are suspended and the Hong Kong-Zhuhai-Macau Bridge closes, which disrupts the influx of tourists to Macau and impedes casino operations. Analysts expect October to see a rebound due to the October Golden Week from September 29 to October 6.\u00a0The holiday period includes the lunar-calendar-based Mid-Autumn Festival on September 29 and China’s National Day on October 1.\u00a0<\/p>\n\n\n\n

Macau\u2019s GGR for August<\/a> was up 686.4 per cent year-on-year and 3.3 per cent month-on-month<\/a> to MOP17.21bn (US$2.13bn). Casino GGR for the first eight months of the year was MOP114.01bn (US$14.16bn).<\/p>\n\n\n\n

A report by\u00a0Jefferies Equity Research\u00a0<\/strong>has suggested that\u00a0GGR in Macau will reach 63 per cent of the 2019 levels<\/a>\u00a0this year. In 2019, GGR was MOP292.46bn (US$36.3bn). Based on the current projections, the sector could see nearly US$23bn in 2023. Mass market GGR is expected to reach full recovery by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Morgan Stanley Asia have forecast that Macau’s GGR will drop due to the impact of Typhoon Saola.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley Asia forecasts a 6% decline in Macau's September GGR to MOP16.1bn, primarily due to the disruption from Typhoon Saola and seasonal weakness. Despite this, analysts anticipate a rebound in October driven by the Golden Week holiday, with Jefferies Equity Research projecting Macau's 2023 GGR to reach 63% of 2019 levels and mass market recovery by 2024.","focusai_entities":"Morgan Stanley Asia, Praveen Choudhary, Gareth Leung, Jefferies Equity Research","focusai_location":"Macau, Hong Kong, Zhuhai, China","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Trajectory?","query":"What specific operational adjustments are Macau operators implementing to mitigate GGR volatility from seasonal factors and force majeure events like typhoons, and how do these align with the projected mass market recovery by 2024?"},{"label":"Capital Allocation Impact?","query":"Given the short-term GGR dip and subsequent rebound, how might this forecast influence capital allocation decisions for Macau concessionaires, particularly regarding non-gaming investments and market diversification strategies?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777008991","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\/777008991","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=777008991"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008991\/revisions"}],"predecessor-version":[{"id":777009018,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008991\/revisions\/777009018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}