Analysts at Morgan Stanley Asia predict that Macau’s daily casino gross gaming revenue could reach MOP750m (US$93.1m).<\/p>\n\n\n\n\n\n\n\n
Macau.- Projections by Morgan Stanley Asia <\/strong>indicate that Macau gross gaming revenue (GGR) during the upcoming Golden Week could be approximately 17 per cent higher<\/strong> than for the rest of October.\u00a0It forecasts a daily GGR of MOP750m (US$93.1m) during the holiday, compared to MOP640m for the rest of the month.<\/p>\n\n\n\n Analysts\u00a0Praveen Choudhary<\/strong>\u00a0and\u00a0Gareth Leung\u00a0<\/strong>noted that while parts of September were impacted by sever weather and a typical seasonal drop, the latter saw robust performance, and October hotel bookings are high.<\/p>\n\n\n\n Analysts said they expect fourth-quarter 2023 earnings before interest, taxation, depreciation, and amortization (EBITDA) to grow more than 10 per cent quarter-on-quarter, mainly due to better industry revenue and operating leverage.<\/p>\n\n\n\n Earlier this week,\u00a0Luis Heredia<\/strong>, president of the Macau Hotel Association, told Macau News Agency that Macau hotel occupancy rates during the Golden Week, from September 29 to October 6, will\u00a0likely surpass those of 2019<\/a>. The Macao Government Tourism Office (MGTO) has raised its daily visitor arrival forecast by more than 10 per cent and now expects\u00a0an average of \u201cover 100,000\u201d visitors daily<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at Morgan Stanley Asia predict that Macau’s daily casino gross gaming revenue could reach MOP750m (US$93.1m).<\/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":"Morgan Stanley Asia projects Macau's Golden Week daily gross gaming revenue (GGR) to reach MOP750m (US$93.1m), a 17% increase over the rest of October. This forecast, driven by robust September performance and high October hotel bookings, suggests over 10% quarter-on-quarter EBITDA growth for Q4 2023 for the sector. Visitor arrivals are also expected to surpass 2019 levels.","focusai_entities":"Morgan Stanley Asia, Praveen Choudhary, Gareth Leung, Luis Heredia, Macau Hotel Association, Macau News Agency, Macao Government Tourism Office (MGTO)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact on Operators","query":"How might the projected Golden Week GGR uplift and Q4 EBITDA growth specifically impact the capital expenditure and dividend policies of Macau's concessionaires?"},{"label":"Regulatory Oversight Implications","query":"What are the potential implications for regulatory oversight and fiscal policy given the sustained recovery in Macau's GGR and visitor arrivals, particularly concerning future licensing frameworks or taxation adjustments?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777009539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009539","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=777009539"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009539\/revisions"}],"predecessor-version":[{"id":777041277,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009539\/revisions\/777041277"}],"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=777009539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}