Macau’s gross gaming revenue has surpassed setbacks earlier in the month.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at\u00a0JP Morgan Securities\u00a0have reported that Macau\u2019s casino gross gaming revenue (GGR) for the first 17 days of September was MOP8.1bn (US$1.01bn), equivalent to an average daily revenue of MOP476m. That’s an improvement from MOP430m in\u00a0the first two weeks of the month<\/a>, when casinos were affected by bad weather conditions.<\/p>\n\n\n\n Analysts DS Kim<\/strong>, Mufan Shi<\/strong>, and Selina Li <\/strong>have attributed this resurgence to the easing of weather conditions. The daily run rate for the past week ranged from MOP540 to MOP550m. Analysts still anticipate a month-on-month decline in GGR of 10 to 15 per cent to between MOP14.5 and MOP15bn. This would be short of the consensus estimate of MOP15.8bn predicted at the beginning of the month.<\/p>\n\n\n\n Macau\u2019s GGR for August<\/a>\u00a0was up 686.4 per cent year-on-year and 3.3 per cent\u00a0month-on-month<\/a>\u00a0at 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 Looking ahead to the October Golden Week, the Macao Government Tourism Office (MGTO) has\u00a0raised its daily visitor arrival forecast<\/a>\u00a0by more than 10 per cent and now expects Macau to see an average of over 100,000 visitors daily. Golden Week will run from September 29 to October 6, including the Mid-Autumn Festival on September 29 and China\u2019s National Day on October 1. The Macau Hoteliers & Innkeepers Association has forecast that Macau will see close to\u00a0full hotel occupancy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau’s gross gaming revenue has surpassed setbacks earlier in the month.<\/p>\n","protected":false},"author":176,"featured_media":22971,"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 gross gaming revenue (GGR) for the first 17 days of September reached MOP8.1bn, averaging MOP476m daily, recovering from earlier weather-induced dips. Despite this, analysts anticipate a 10-15% month-on-month GGR decline for September, below initial consensus estimates. Forward-looking projections for the October Golden Week indicate robust visitor arrivals exceeding 100,000 daily and near-full hotel occupancy, signaling strong market recovery potential.","focusai_entities":"JP Morgan Securities, DS Kim, Mufan Shi, Selina Li, Macao Government Tourism Office (MGTO), Macau Hoteliers & Innkeepers Association","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Golden Week GGR Impact","query":"What is the projected GGR uplift for Macau casino operators during the October Golden Week, considering the revised visitor forecasts and anticipated hotel occupancy rates?"},{"label":"Q3 GGR Performance Analysis","query":"How do the revised September GGR projections for Macau impact the overall Q3 performance outlook for integrated resort operators, particularly in comparison to initial analyst consensus?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777009387","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\/777009387","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=777009387"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009387\/revisions"}],"predecessor-version":[{"id":777009418,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009387\/revisions\/777009418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22971"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}