{"id":777009937,"date":"2023-10-06T07:06:05","date_gmt":"2023-10-06T10:06:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009937"},"modified":"2026-04-22T17:23:06","modified_gmt":"2026-04-22T20:23:06","slug":"macau-mass-market-ggr-surpasses-2019-levels-during-golden-week","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-mass-market-ggr-surpasses-2019-levels-during-golden-week","title":{"rendered":"Macau mass market GGR surpasses 2019 levels during Golden Week"},"content":{"rendered":"\n<p>GGR was approximately MOP750m per day.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at<strong> JP Morgan Securities (Asia Pacific) <\/strong>have reported that Macau&#8217;s mass-market GGR has surpassed 100 per cent of pre-Covid-19 levels during the October Golden Week this week. Analysts <strong>DS Kim<\/strong>, <strong>Mufan Shi<\/strong> and<strong> Selina Li<\/strong> said the performance aligned with their expectations.<\/p>\n\n\n\n<p>They noted that the holiday period saw GGR of approximately MOP750m (US$93m) per day. That contrasts with MOP640m per day during the May Day holiday break in 2023.<\/p>\n\n\n\n<p>On the seventh day of the October Golden Week,\u00a0<strong>Macau received 91,145 visitors<\/strong>, bringing the total number of visitors over seven days to nearly 860,000, surpassing <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-hoteliers-optimistic-about-golden-week-holiday\" target=\"_blank\">authorities\u2019 estimate of 100,000 daily visitors<\/a>.<\/p>\n\n\n\n<p>JP Morgan noted that the pace of recovery accelerated on the sixth day to 110 per cent of 2019&#8217;s Golden Week levels, compared to 75 per cent during the first five days.\u00a0It anticipated that final numbers will reach 85 per cent of 2019 levels, with mainland Chinese tourist numbers reaching 80 to 85 per cent of the pre-pandemic figures.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-golden-week-ggr-to-be-17-higher-than-rest-of-the-month\" rel=\"noreferrer noopener\">Macau Golden Week GGR to be 17% higher than rest of the month<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GGR was approximately MOP750m per day.<\/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-market GGR during the October Golden Week has surpassed 100% of pre-Covid-19 levels, with daily GGR reaching MOP750m (US$93m), significantly higher than the May Day holiday. JP Morgan analysts confirmed this performance, noting accelerated recovery to 110% of 2019 Golden Week levels by the sixth day, driven by nearly 860,000 visitors.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GGR Recovery Sustainability?","query":"What is the projected sustainability of this mass-market GGR recovery beyond peak holiday periods, considering potential shifts in mainland Chinese consumer spending habits and macroeconomic factors?"},{"label":"Capex & Non-Gaming Impact?","query":"How will the accelerated mass-market GGR recovery influence capital expenditure decisions and non-gaming investment strategies for Macau concessionaires in the next 12-24 months?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777009937","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\/777009937","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=777009937"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009937\/revisions"}],"predecessor-version":[{"id":777041188,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009937\/revisions\/777041188"}],"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=777009937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}