Analysts have forecast that October will see the best monthly performance since January 2020.<\/p>\n\n\n\n\n\n\n\n
Macau.- JP Morgan Securities (Asia Pacific)\u00a0<\/strong>says that Macau\u2019s GGR could reach MOP18.5bn (US$2.30bn) in October<\/strong>. That implies a 72 per cent recovery compared to October 2019 and would be the best monthly performance since January 2020 (MOP22.13bn), when the Covid-19 pandemic began<\/p>\n\n\n\n Based on the institution’s assessments, GGR for the first 23 days of October is estimated at MOP14.6bn, equating to MOP635m daily. The note indicates that last week’s GGR returned to a normalised rate of MOP575m daily. The start of the month included October Golden Week holiday<\/a>, which ran\u00a0from September 29 to October 6 and included the Mid-Autumn Festival and China\u2019s National Day celebrations.<\/p>\n\n\n\n In its Tuesday note, JP Morgan said the third week of October saw a rebound in GGR, which was “not surprising, but still assuring” and that the month was “quite comfortably” on track to hit a post-pandemic high. Analysts DS Kim<\/strong>,\u00a0Mufan Shi<\/strong>, and\u00a0Selina Li\u00a0<\/strong>said there was a rise of over 100 per cent in mass-market play and a recovery of approximately 25 per cent in VIP gambling.<\/p>\n\n\n\n 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). 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","protected":false},"excerpt":{"rendered":" Analysts have forecast that October will see the best monthly performance since January 2020.<\/p>\n","protected":false},"author":176,"featured_media":777009898,"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) is projected to reach MOP18.5bn (US$2.30bn) in October, marking the best monthly performance since January 2020 and a 72% recovery compared to October 2019. This surge, driven by the Golden Week holiday and a significant increase in mass-market play, indicates a robust post-pandemic rebound for the region's gaming sector. Analysts from JP Morgan Securities highlight a rebound in GGR during the third week of October, with mass-market play rising over 100% and VIP gambling recovering approximately 25%.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook","query":"Given the strong October performance, what are the revised GGR projections for Macau's Q4 2023, and what factors could influence this trajectory?"},{"label":"Mass vs. VIP Dynamics","query":"How does the current GGR contribution split between mass-market and VIP segments in Macau compare to pre-pandemic ratios, and what are the strategic implications for integrated resort operators?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777010570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010570","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=777010570"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010570\/revisions"}],"predecessor-version":[{"id":777041085,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010570\/revisions\/777041085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009898"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}