{"id":777011891,"date":"2023-12-14T08:44:19","date_gmt":"2023-12-14T11:44:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011891"},"modified":"2026-04-22T14:41:41","modified_gmt":"2026-04-22T17:41:41","slug":"ubs-predicts-improvement-in-macau-casino-ggr-in-late-december","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ubs-predicts-improvement-in-macau-casino-ggr-in-late-december","title":{"rendered":"UBS predicts improvement in Macau casino GGR in late December"},"content":{"rendered":"\n<p>The Investment bank expects Macau&#8217;s gambling revenue to be driven by the holiday season.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Investment bank UBS AG\u00a0<\/strong>anticipates a rise in Macau&#8217;s visitor numbers and gross gaming revenue (GGR) as the city enters the festive season. The bank reported that casino GGR was stable in the first ten days of December, maintaining a daily run-rate of approximately MOP520m (US$64.6m). That was a slight dip from November&#8217;s MOP535m, but UBS attributes this to a lower VIP hold rate of 2.4 to 2.6 per cent compared to the usual 2.85 per cent.\u00a0<\/p>\n\n\n\n<p>Hotel room rates were observed to be more affordable in early December compared to the previous month, with UBS tracking an average 4 per cent decrease in rates for December 12 to 18 at 36 hotels.\u00a0However, the bank highlights a recent narrowing of room rate discounts.<\/p>\n\n\n\n<p>A few days ago,&nbsp;<strong>JP Morgan Securities (Asia Pacific)<\/strong>&nbsp;predicted&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us646-6m-in-first-10-days-of-december\" rel=\"noreferrer noopener\">a GGR of MOP17bn (US$2.1bn) for the full month<\/a>. This would mean a daily run-rate of MOP550m (US$68.4m) and a full recovery of the mass market.<\/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\u2019s secretary for economy and finance, Lei Wai Nong, expressed confidence in the city\u2019s potential to&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-full-year-visitor-numbers-expected-to-reach-28-million\" 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>The Investment bank expects Macau&#8217;s gambling revenue to be driven by the holiday season.<\/p>\n","protected":false},"author":176,"featured_media":22443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Investment banks UBS AG and JP Morgan Securities anticipate robust Gross Gaming Revenue (GGR) growth in Macau, driven by the holiday season and increasing visitor numbers. While early December saw a slight GGR dip attributed to VIP hold rates, projections indicate a full mass market recovery and a strong year-end performance, with cumulative 2023 GGR up 325% year-on-year.","focusai_entities":"UBS AG, JP Morgan Securities (Asia Pacific), Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"Given the projected full mass market recovery and the 325% cumulative GGR increase, what are the long-term growth catalysts for Macau's gaming sector beyond the immediate holiday season, and how might evolving regulatory frameworks impact this trajectory?"},{"label":"VIP vs. Mass Market","query":"How significant is the observed dip in VIP hold rate for early December, and what strategies are Macau operators employing to optimize revenue across both VIP and mass market segments amidst evolving player demographics and spending patterns?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777011891","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\/777011891","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=777011891"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011891\/revisions"}],"predecessor-version":[{"id":777011921,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011891\/revisions\/777011921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22443"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}