JP Morgan Securities (Asia Pacific) says Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP560m.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at JP Morgan Securities (Asia Pacific)<\/strong> have reported that Macau\u2019s casino gross gaming revenue (GGR) for the first five days of November was MOP2.8bn (US$347.6m), equivalent to an average daily revenue of MOP560m. DS Kim<\/strong>,\u00a0Mufan Shi<\/strong>, and\u00a0Selina Li\u00a0<\/strong>said this aligns closely with\u00a0August’s daily GGR of approximately MOP555m<\/a>.\u00a0<\/p>\n\n\n\n JP Morgan’s assessment is more positive than the market’s general expectations, which were situated between MOP530m to MOP540m, amounting to a full-month estimate of MOP16bn.\u00a0The analysis from JP Morgan also suggests that mass GGR has exceeded 100 per cent of pre-Covid levels, while VIP demand remains at around 23 to 25 per cent.<\/p>\n\n\n\n In October<\/a>, Macau\u2019s GGR was up 30.6 per cent\u00a0month-on-month<\/a>, rising from MOP14.94bn in September to MOP19.50bn (US$2.42bn). GGR was up 400.2 per cent when compared to last October. Cumulatively, Macau\u2019s 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","protected":false},"excerpt":{"rendered":" JP Morgan Securities (Asia Pacific) says Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP560m.<\/p>\n","protected":false},"author":176,"featured_media":21513,"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 casino Gross Gaming Revenue (GGR) for early November reached a daily run-rate of MOP560m, exceeding market expectations and aligning with August's strong performance. JP Morgan's analysis indicates mass GGR has surpassed pre-Covid levels, while VIP demand remains at approximately 23-25% of prior benchmarks, contributing to a robust cumulative GGR for the first ten months of 2023.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), 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 sustained outperformance of Macau's mass market GGR relative to pre-Covid levels, and what are the long-term projections for this segment's growth trajectory?"},{"label":"VIP Segment Recovery","query":"Given the persistent lag in VIP demand at 23-25% of pre-Covid levels, what are the primary impediments to its recovery, and what strategies are operators or the Macau government implementing to revitalize this high-value segment?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,23906],"class_list":["post-777010905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010905","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=777010905"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010905\/revisions"}],"predecessor-version":[{"id":777041007,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010905\/revisions\/777041007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}