{"id":777010005,"date":"2023-10-10T07:35:43","date_gmt":"2023-10-10T10:35:43","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010005"},"modified":"2026-04-22T17:17:48","modified_gmt":"2026-04-22T20:17:48","slug":"macau-ggr-reaches-us824-5m-in-first-8-days-of-october","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us824-5m-in-first-8-days-of-october","title":{"rendered":"Macau GGR reaches US$824.5m in first 8 days of October"},"content":{"rendered":"\n<p>Macau&#8217;s casino gross gaming revenue recovered to nearly 80 per cent of pre-pandemic levels.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at JP Morgan Securities have reported that Macau\u2019s GGR for the first eight days of October was MOP6.65bn (US$824.5m), equivalent to a daily average of MOP830m. That compares to average daily GGR of MOP645m during\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-5-7-month-on-month-in-may\" target=\"_blank\">this year&#8217;s May Golden Week<\/a>.<\/p>\n\n\n\n<p>October Golden Week spanned eight days from September 29 to October 6, including the Mid-Autumn Festival and China&#8217;s National Day celebrations. Daily GGR peaked at over MOP930m but slowed in the final two days, with October 7 and 8 each seeing MOP500m.<\/p>\n\n\n\n<p>Analysts noted that the daily GGR run-rate for the period suggested an approximate 80 per cent recovery in headline GGR compared to the Golden Week holiday in 2019, when aggregate GGR reached MOP1.16bn. That compares to a 70 per cent recovery in Macau&#8217;s GGR in the third quarter of 2023.<\/p>\n\n\n\n<p>The report highlighted that mass GGR is likely to have exceeded expectations, reaching around 110 per cent to 120 per cent of 2019 Golden Week levels, surpassing the 100 per cent that many investors had anticipated.\u00a0<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-13-2-in-september\" target=\"_blank\">Macau\u2019s GGR for September<\/a>\u00a0was down 13.2 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-686-4-in-august\" target=\"_blank\">month-on-month<\/a>\u00a0from MOP17.21bn (US$2.13bn) to MOP14.94bn (US$1.85bn). However, GGRT was up 404.2 per cent year-on-year. Cumulatively, 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\n\n\n<p><strong>See also:\u00a0<\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-sees-record-visitor-numbers-during-october-golden-week\" target=\"_blank\">Macau sees record visitor numbers during October Golden Week<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau&#8217;s casino gross gaming revenue recovered to nearly 80 per cent of pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":17661,"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) during the October Golden Week recovered to approximately 80% of 2019 pre-pandemic levels, with a daily average of MOP830m. Notably, mass market GGR significantly exceeded expectations, reaching 110-120% of 2019 Golden Week figures, surpassing investor forecasts. This robust performance indicates a strong rebound in the region's gaming vertical.","focusai_entities":"JP Morgan Securities","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Sustainability","query":"What specific factors are driving the outperformance of Macau's mass market GGR beyond pre-pandemic levels, and are these trends sustainable given evolving consumer behavior and regional economic conditions?"},{"label":"VIP Segment Recovery","query":"Given the strong mass market recovery, what is the current status and projected timeline for the recovery of Macau's VIP gaming segment, and how does this impact the overall GGR outlook for 2024?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906],"class_list":["post-777010005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010005","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=777010005"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010005\/revisions"}],"predecessor-version":[{"id":777041171,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010005\/revisions\/777041171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}