{"id":777011024,"date":"2023-11-10T08:49:15","date_gmt":"2023-11-10T11:49:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011024"},"modified":"2026-04-22T16:17:47","modified_gmt":"2026-04-22T19:17:47","slug":"macau-ggr-to-reach-us27-4bn-in-2024-analyst-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us27-4bn-in-2024-analyst-says","title":{"rendered":"Macau GGR to reach US$27.4bn in 2024, analyst says"},"content":{"rendered":"\n<p>Davis Fong anticipates total gross gaming revenue in line with government projections.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Professor\u00a0<strong>Davis Fong<\/strong>, the director of the Institute for the Study of Commercial Gaming, has predicted that gross gaming revenue (GGR) in Macau will reach US$27.4bn in 2024. That mirrors government estimates.<\/p>\n\n\n\n<p>During a recent interview, Fong emphasised that the forecast relies on the return of mainland tourists to pre-pandemic levels and sustained progress in expanding the international market. He noted that\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-30-6-in-october\" target=\"_blank\">cumulative GGR for January to October 2023<\/a>\u00a0surpassed government expectations, reaching MOP148.44bn (US$18.44bn). Fong suggested the annual total could hit US$22.4bn.<\/p>\n\n\n\n<p>Analysts at<strong>\u00a0JP Morgan Securities (Asia Pacific)<\/strong>\u00a0have reported that\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us347-6m-in-first-5-days-of-november\" target=\"_blank\">GGR for the first five days of November<\/a>\u00a0was MOP2.8bn (US$347.6m), equivalent to an average daily revenue of MOP560m. The Macau tourism office has predicted that Macau could record nearly 27 million visitor arrivals by year-end. Fong believes that with continued growth in mainland Chinese visitors, the tally could rise further in 2024.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Davis Fong anticipates total gross gaming revenue in line with government projections.<\/p>\n","protected":false},"author":176,"featured_media":21776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Professor Davis Fong projects Macau's 2024 Gross Gaming Revenue (GGR) to reach US$27.4bn, aligning with government estimates. This forecast is predicated on the full return of mainland Chinese tourists and continued expansion of the international visitor market. The 2023 GGR is also anticipated to exceed initial government expectations, demonstrating robust market recovery.","focusai_entities":"Davis Fong, Institute for the Study of Commercial Gaming, JP Morgan Securities (Asia Pacific), Macau tourism office","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":"GGR Growth Drivers","query":"What specific policy initiatives or infrastructure developments are critical to sustaining the projected return of mainland tourists and expanding Macau's international market share to meet the 2024 GGR forecast?"},{"label":"VIP vs. Mass Market","query":"How is the anticipated 2024 GGR distributed between the VIP and mass market segments, and what are the implications for operator profitability and regulatory oversight given the evolving market dynamics?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777011024","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\/777011024","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=777011024"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011024\/revisions"}],"predecessor-version":[{"id":777040981,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011024\/revisions\/777040981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21776"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}