Citigroup says Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP543m.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at\u00a0Citigroup <\/strong>have reported that Macau\u2019s casino gross gaming revenue (GGR) for the first 12 days of November was MOP6.6bn (US$820.5m). That’s equivalent to an average daily revenue of MOP543m, down 3 per cent\u00a0when compared to the initial five days of the month<\/a>.<\/p>\n\n\n\n Citigroup maintained its forecast for November’s full-month GGR at MOP16bn, 70 per cent of November 2019 results. Analysts George Choi<\/strong> and Ryan Cheung <\/strong>speculated that a slightly slower run rate after the first five days could be attributed to prominent players avoiding Macau during the\u00a0Grand Prix weekends<\/a>. They noted a 7 per cent week-on-week drop in daily GGR during the Grand Prix in 2019. <\/p>\n\n\n\n The 70th edition of the Macau Grand Prix took place on November 11 and 12 and will continue November 16 to 19. <\/p>\n\n\n\n In October<\/a>, Macau\u2019s GGR was up 30.6 per cent month-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":" Citigroup says Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP543m.<\/p>\n","protected":false},"author":176,"featured_media":25402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Citigroup analysts report Macau's casino GGR for the first 12 days of November reached MOP6.6bn, with a daily run-rate of MOP543m, a 3% decrease from the initial five days. This slowdown is attributed to prominent players avoiding the Macau Grand Prix weekends, with Citigroup maintaining its full-month GGR forecast at MOP16bn, representing 70% of November 2019 levels.","focusai_entities":"Citigroup, George Choi, Ryan Cheung","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR vs. Pre-Pandemic","query":"How does the current November GGR run-rate, adjusted for event-driven volatility, compare to Q4 2019 performance, and what are the implications for full-year 2023 projections for Macau's gaming sector?"},{"label":"Segment Performance Drivers","query":"What specific gaming verticals or customer segments (e.g., VIP vs. Mass Market) are primarily driving the current GGR recovery in Macau, and how might this impact future capital allocation strategies for integrated resort operators?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777011102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011102","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=777011102"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011102\/revisions"}],"predecessor-version":[{"id":777040966,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011102\/revisions\/777040966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}