GGR was MOP16.04bn (US$1.99bn).<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Gaming Inspection and Coordination Bureau\u00a0<\/strong>has reported that Macau\u2019s GGR for November was MOP16.04bn (US$1.99bn). That’s a drop of 17.7 per cent\u00a0month-on-month<\/a> but up 435 per cent when compared to last November.<\/p>\n\n\n\n October’s GGR had been the highest since January 2020 when the Covid-19 pandemic began. October Golden Week<\/strong>, which ran from September 29 to October 6, contributed to the rise.\u00a0The Macau Government Tourism Office (MGTO)<\/strong>\u00a0has reported that\u00a0932,365 people visited Macau during the national holiday<\/a>.<\/p>\n\n\n\n Cumulatively, Macau\u2019s GGR for the first eleven months of 2023 was MOP164.5bn (US$20.4bn), up 325 per cent compared to the same period in 2022. <\/p>\n\n\n\n In November,\u00a0Ho Iat Seng<\/strong>, Macau\u2019s chief executive, said that Macau won\u2019t reach its target of\u00a0MOP180bn (US$22.45bn) in gross gaming revenue (GGR) for this year<\/a>.\u00a0As for 2024, Professor\u00a0Davis Fong<\/strong>, the director of the Institute for the Study of Commercial Gaming, has predicted that\u00a0GGR in Macau will reach US$27.4bn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" GGR was MOP16.04bn (US$1.99bn).<\/p>\n","protected":false},"author":176,"featured_media":18146,"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 November GGR reached MOP16.04bn (US$1.99bn), marking a 17.7% month-on-month decline but a 435% year-on-year increase, bringing the cumulative 2023 GGR to MOP164.5bn. Despite October's Golden Week boost, Macau's Chief Executive revised the 2023 GGR target downwards, though a professor projects a higher GGR of US$27.4bn for 2024.","focusai_entities":"Gaming Inspection and Coordination Bureau, Macau Government Tourism Office (MGTO), Ho Iat Seng, Professor Davis Fong, Institute for the Study of Commercial Gaming","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"2023 GGR Target Impact","query":"What specific factors led Macau's Chief Executive to revise the 2023 GGR target downwards, and what are the implications for the government's fiscal planning and concessionaire performance?"},{"label":"2024 Growth Drivers","query":"Given the 2024 GGR projection of US$27.4bn, what are the anticipated primary growth drivers, and how do they compare to pre-pandemic revenue compositions, particularly regarding VIP versus mass market segments?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777011585","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\/777011585","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=777011585"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011585\/revisions"}],"predecessor-version":[{"id":777011596,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011585\/revisions\/777011596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}