{"id":777011821,"date":"2023-12-12T08:34:21","date_gmt":"2023-12-12T11:34:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011821"},"modified":"2026-04-22T14:47:18","modified_gmt":"2026-04-22T17:47:18","slug":"macau-ggr-reaches-us646-6m-in-first-10-days-of-december","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us646-6m-in-first-10-days-of-december","title":{"rendered":"Macau GGR reaches US$646.6m in first 10 days of December"},"content":{"rendered":"\n<p>Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP520m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0JP Morgan Securities (Asia Pacific)\u00a0has reported that Macau\u2019s casino gross gaming revenue (GGR) for the first 10 days of December was MOP5.2bn (US$646.6m). The estimated daily run-rate was MOP520m (US$64.7m), slightly lower than in November (MOP535m), partly due to a less favourable VIP luck factor.<\/p>\n\n\n\n<p>Analysts predict GGR of MOP17bn (US$2.1bn) for the full month. This would mean a daily run-rate of MOP550m (US$68.4m) and a full recovery of the mass market. This positive trajectory is expected to drive industry EBITDA to grow by 8 to 10 per cent quarter-on-quarter, surpassing the historical seasonality of 5 per cent growth quarter-on-quarter observed before the Covid-19 pandemic.<\/p>\n\n\n\n<p>In November,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-17-7-in-november\" rel=\"noreferrer noopener\">Macau\u2019s 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>Macau&#8217;s secretary for economy and finance,\u00a0Lei Wai Nong, expressed confidence in the city&#8217;s potential to\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-full-year-visitor-numbers-expected-to-reach-28-million\" target=\"_blank\" rel=\"noreferrer noopener\">welcome around 28 million visitors by year-end<\/a>, following a successful reception of over 25 million tourists in the initial 11 months of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP520m.<\/p>\n","protected":false},"author":176,"featured_media":16856,"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 report Macau's early December GGR at MOP5.2bn, with a daily run-rate of MOP520m, slightly below November's MOP535m due to VIP luck. Full-month GGR is projected at MOP17bn, indicating a full mass market recovery and driving 8-10% Q-o-Q industry EBITDA growth, surpassing historical seasonality. Cumulative 2023 GGR is up 325% year-on-year, with visitor numbers nearing pre-pandemic levels.","focusai_entities":"JP Morgan, JP Morgan Securities (Asia Pacific), Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific factors are driving the projected 8-10% quarter-on-quarter EBITDA growth in Macau, and how sustainable is this trajectory given the historical 5% growth seasonality?"},{"label":"Mass Market Recovery","query":"With mass market GGR reaching pre-Covid levels, what are the implications for operator revenue diversification strategies and the long-term viability of the VIP segment in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777011821","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\/777011821","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=777011821"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011821\/revisions"}],"predecessor-version":[{"id":777011845,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011821\/revisions\/777011845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}