{"id":777011647,"date":"2023-12-05T08:19:10","date_gmt":"2023-12-05T11:19:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011647"},"modified":"2026-04-22T14:57:57","modified_gmt":"2026-04-22T17:57:57","slug":"macau-ggr-to-reach-us2-2bn-in-december-analysts-predict","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us2-2bn-in-december-analysts-predict","title":{"rendered":"Macau GGR to reach US$2.2bn in December, analysts predict"},"content":{"rendered":"\n<p>Analysts at JP Morgan predict market-wide gross gaming revenue could recover to around 80 per cent of pre-pandemic levels.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>JP Morgan Securities (Asia Pacific)<\/strong> predicts that Macau&#8217;s market-wide GGR will recover to around 80 per cent of pre-Covid-19 levels in December. That would compare to around 70 per cent in the fourth quarter so far.<\/p>\n\n\n\n<p>The brokerage&#8217;s optimism is grounded in expectations of GGR recovering to the range of MOP17.5bn (US$2.2bn) to MOP18.0bn. Analysts <strong>DS Kim<\/strong>, <strong>Mufan Shi<\/strong>, and <strong>Selina Li<\/strong> believe this will drive fourth-quarter mass GGR to rise over 10 per cent quarter-on-quarter, doubling the historical seasonality of plus 5 to 6 per cent quarter-on-quarter.<\/p>\n\n\n\n<p>They said this performance will push mass GGR to finally exceed pre-Covid-19 levels and drive EBITDA to recover to 85 per cent or more of pre-Covid-19 levels in the fourth quarter, compared to 80 per cent in the third quarter.<\/p>\n\n\n\n<p>In November,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-17-7-in-november\" target=\"_blank\" rel=\"noreferrer noopener\">Macau&#8217;s casino GGR reached MOP16.04bn (US$1.99bn)<\/a>. Data suggests that mass GGR reached parity with pre-Covid levels. 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<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-on-track-to-reach-us22-6bn-for-2023-analysts-say\" rel=\"noreferrer noopener\">Macau GGR on track to reach US$22.6bn for 2023, analysts say<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan predict market-wide gross gaming revenue could recover to around 80 per cent of pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":16790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan analysts project Macau's market-wide Gross Gaming Revenue (GGR) to recover to approximately 80% of pre-pandemic levels in December, reaching MOP17.5bn-MOP18.0bn. This anticipated performance is expected to drive Q4 mass GGR to exceed pre-Covid-19 levels and push EBITDA recovery to 85% or more, significantly surpassing historical seasonality.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Mass GGR Drivers","query":"What specific demand-side factors, such as visitation trends or average spend per patron, or operational efficiencies are JP Morgan analysts attributing to the projected doubling of historical seasonality for Q4 mass GGR growth in Macau?"},{"label":"EBITDA Recovery Sustainability","query":"Beyond the Q4 projections, what are the long-term forecasts for Macau's EBITDA recovery, and what governance frameworks or market diversification strategies are critical for sustaining this trajectory amidst evolving regional competition?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777011647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011647","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=777011647"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011647\/revisions"}],"predecessor-version":[{"id":777011674,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011647\/revisions\/777011674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16790"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}