Macau’s gaming property EBITDA margins grew by 0.3 per cent compared to 2019.<\/p>\n\n\n\n\n\n\n\n
Macau.- Deutsche Bank Securities <\/strong>has reported that Macau Q3 property EBITDA margins were 0.3 per cent above 2019 levels. Carlo Santarelli <\/strong>said aggregate property EBITDA for Q3 amounted to MOP14.46bn (US$1.795bn), down 20 per cent in comparison with 2019.<\/p>\n\n\n\n Net revenue was down 21 per cent from the third quarter of 2019. VIP GGR was 77 per cent lower, while mass GGR was only 5 per cent lower. SJM Holdings was the only ‘donor’ among the six gaming operators. Galaxy Entertainment Group, Melco, and SJM gained market share in VIP rolling chip volume.<\/p>\n\n\n\n In October<\/a>, Macau\u2019s GGR was up 30.6 per cent\u00a0month-on-month<\/a> and 400.2 per cent year-on-year at 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","protected":false},"excerpt":{"rendered":" Macau’s gaming property EBITDA margins grew by 0.3 per cent compared to 2019.<\/p>\n","protected":false},"author":176,"featured_media":25493,"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 Q3 2023 gaming property EBITDA margins surpassed 2019 levels by 0.3%, despite aggregate EBITDA and net revenue remaining 20-21% below pre-pandemic figures, primarily driven by a significant decline in VIP GGR. October 2023 GGR demonstrated robust recovery, increasing 30.6% month-on-month and 400.2% year-on-year, with cumulative 2023 GGR up 315.6% compared to 2022. This indicates a strong market rebound, albeit with a notable shift in gaming vertical contribution.","focusai_entities":"Deutsche Bank Securities, Carlo Santarelli, SJM Holdings, Galaxy Entertainment Group, Melco","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":"Macau Recovery Drivers?","query":"What specific factors are driving the divergence between Macau's Q3 EBITDA margin recovery and the persistent deficit in aggregate EBITDA and net revenue compared to 2019, particularly concerning the VIP versus Mass GGR performance?"},{"label":"Operator Market Share?","query":"Beyond VIP rolling chip volume, what are the broader market share implications for SJM Holdings, Galaxy Entertainment Group, and Melco across all gaming verticals given the reported Q3 performance and October GGR surge?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,23906],"class_list":["post-777011176","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\/777011176","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=777011176"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011176\/revisions"}],"predecessor-version":[{"id":777040948,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011176\/revisions\/777040948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}