{"id":777011253,"date":"2023-11-20T09:24:34","date_gmt":"2023-11-20T12:24:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011253"},"modified":"2026-04-22T15:27:00","modified_gmt":"2026-04-22T18:27:00","slug":"macau-mass-ggr-to-equal-2019-levels-in-q4-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-mass-ggr-to-equal-2019-levels-in-q4-analysts-say","title":{"rendered":"Macau mass GGR to equal 2019 levels in Q4, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">S&amp;P Global Ratings says Macau has seen a faster recovery than anticipated.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.-&nbsp;S&amp;P Global Ratings&nbsp;has forecast that Macau&#8217;s mass gross gaming revenue (GGR) for the fourth quarter of 2023 will reach pre-pandemic levels. Analysts anticipated 2024 mass GGR will be 5 per cent to 15 per cent stronger than in 2019, up 20-30 per cent year-over-year due to improvements in visitor arrivals and flights.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the positive outlook for the mass-market revenue, S&amp;P Global noted that VIP volumes are likely to remain stable, with casino operators cautious about expanding their junket operations due to tightened regulations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">S&amp;P Global has upgraded its issuer credit rating on Wynn Resorts and&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-reports-total-operating-revenues-of-us819-8m-for-q3\" target=\"_blank\">Wynn Macau Ltd<\/a>&nbsp;from &#8216;B+&#8217; to &#8216;BB-&#8216;, with a stable outlook. While large-scale development projects could impact leverage, S&amp;P Global does not foresee such effects for at least the next 18 to 24 months.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The third quarter saw <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-mass-ggr-up-9-in-q3\" target=\"_blank\">market-wide mass GGR reaching 93 per cent of the same period in 2019<\/a> while VIP GGR achieved 38 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings says Macau has seen a faster recovery than anticipated.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"S&P Global Ratings forecasts Macau's mass Gross Gaming Revenue (GGR) to reach pre-pandemic levels in Q4 2023, with 2024 mass GGR projected to exceed 2019 figures by 5-15%. Despite this robust mass market recovery, VIP volumes are expected to remain stable due to tightened regulations impacting junket operations. Consequently, S&P Global has upgraded the issuer credit rating for Wynn Resorts and Wynn Macau Ltd to 'BB-' from 'B+'.","focusai_entities":"S&P Global Ratings, Wynn Resorts, Wynn Macau Ltd","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific policy or market shifts are anticipated to drive the projected 5-15% mass GGR growth above 2019 levels in Macau for 2024, beyond visitor arrivals and flight capacity?"},{"label":"VIP Segment Strategy","query":"How are Macau's integrated resort operators strategically re-evaluating their capital expenditure and operational focus between mass market and VIP segments, given the sustained regulatory pressure on junket operations and its impact on VIP GGR contribution?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777011253","post","type-post","status-publish","format-standard","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\/777011253","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=777011253"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011253\/revisions"}],"predecessor-version":[{"id":777040936,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011253\/revisions\/777040936"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}