Analysts at J.P. Morgan have reported that Macau\u2019s mass gross gaming revenue reached 93 to 94 per cent of pre-Covid-19 levels.<\/p>\n\n\n\n\n\n\n\n
Macau.- J.P. Morgan has reported that mass gross gaming revenue (GGR) in Macau rose by 9 per cent quarter-on-quarter<\/strong> in Q3, reaching 93-94 per cent of pre-Covid-19 levels. The VIP segment saw a decline of 3 per cent quarter-on-quarter at 25-26 per cent of pre-Covid-19 levels. This was attributed to the normalisation of VIP luck. <\/p>\n\n\n\n Analysts DS Kim<\/strong>, Mufan Shi<\/strong> and Selina Li <\/strong>said overall performance “fell slightly short” of initial estimates. This was put down to to adverse weather conditions, notably Typhoon Saola, which forced the temporary closure of casinos for nine hours on September 1 and 2.<\/p>\n\n\n\n The Gaming Inspection and Coordination Bureau (DICJ) <\/strong>reported that Macau\u2019s GGR for September<\/a> was down 13.2 per cent month-on-month<\/a> from MOP17.21bn (US$2.13bn) to MOP14.94bn (US$1.85bn). GGRT was up 404.2 per cent year-on-year.<\/p>\n\n\n\n J.P. Morgan noted that the figure aligned with the latest consensus estimates and that September tends to be one of the industry’s quietest months due to seasonal factors. Analysts are monitoring the performance during Golden Week. Initial observations suggest weaker-than-expected visitation from mainland China during the first two days, while non-mainland visitation displayed an “extremely strong” recovery. <\/p>\n\n\n\n Macau\u2019s GGR for the first nine months of 2023 was MOP128.95bn, up 305.3 per cent compared to the same period in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at J.P. Morgan have reported that Macau\u2019s mass gross gaming revenue reached 93 to 94 per cent of pre-Covid-19 levels.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"J.P. Morgan analysts report Macau's Q3 mass GGR reached 93-94% of pre-Covid levels, while VIP GGR declined to 25-26%, attributed to normalising luck. September GGR, reported by DICJ, was MOP14.94bn, down 13.2% MoM due to seasonal factors and adverse weather, though year-to-date GGR shows significant recovery. Initial Golden Week observations indicate mixed visitation trends.","focusai_entities":"J.P. Morgan, DS Kim, Mufan Shi, Selina Li, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Golden Week Impact","query":"What specific GGR and visitation data emerged from the full Golden Week period, and how did non-mainland visitation's \"extremely strong\" recovery mitigate the mainland shortfall?"},{"label":"VIP Segment Strategy","query":"Given the continued underperformance of the VIP segment relative to mass GGR, what strategic adjustments are Macau operators implementing to diversify revenue streams or re-engage high-net-worth players?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777009825","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009825","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=777009825"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009825\/revisions"}],"predecessor-version":[{"id":777041214,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009825\/revisions\/777041214"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}