Macau\u2019s GGR for October<\/a>\u00a0was up 30.6 per cent\u00a0month-on-month, rising from MOP14.94bn in September to MOP19.50bn (US$2.42bn). Cumulatively, GGR for the first ten months of 2023 was MOP148.44bn (US$18.44bn), up 315.6 per cent compared to the same period in 2022.<\/p>\n\n\n\nAnalyst\u00a0Carlo Santarelli said the sequential improvement surpasses historical trends but noted that this was partially influenced by the impact of a typhoon that suppressed September results. Deutsche Bank anticipates a 10.4 per cent decline in GGR for November, contrasting with an average sequential decline of 11.2 per cent from 2013 to 2019.<\/p>\n\n\n\n
However, it expects that Macau will not return to 2019 levels in the next two years. For 2024,\u00a0analysts estimate that GGR may reach US$25.88bn, up 14 per cent when compared to 2023 but still 29 per cent below 2019. For 2025, analysts forecast a 5 per cent year-on-year increase to US$27.23bn, 26 per cent below 2019 figures.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts at Deutsche Bank predict GGR will be 38 per cent lower than pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":24846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank analysts project Macau's 2023 Gross Gaming Revenue (GGR) at US$22.81bn, a 332% year-on-year increase but still 38% below 2019 levels. While sequential improvements are noted, the market is not expected to fully recover to pre-pandemic GGR within the next two years, with 2024 and 2025 forecasts remaining significantly below 2019 figures.","focusai_entities":"Deutsche Bank, Carlo Santarelli","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers?","query":"What specific market segments (e.g., VIP vs. mass market) are Deutsche Bank's GGR recovery projections predicated upon, and what are the underlying assumptions regarding visitation and average spend?"},{"label":"Competitive Landscape Impact?","query":"How do these GGR forecasts for Macau influence the competitive positioning and investment strategies of integrated resort operators within the region, particularly concerning non-gaming diversification mandates?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777010790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010790","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=777010790"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010790\/revisions"}],"predecessor-version":[{"id":777041032,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010790\/revisions\/777041032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24846"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}