{"id":777011981,"date":"2023-12-18T09:15:34","date_gmt":"2023-12-18T12:15:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011981"},"modified":"2026-04-22T14:36:42","modified_gmt":"2026-04-22T17:36:42","slug":"macau-ggr-reaches-estimated-us1-11bn-in-first-17-days-of-december","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-estimated-us1-11bn-in-first-17-days-of-december","title":{"rendered":"Macau GGR reaches estimated US$1.11bn in first 17 days of December"},"content":{"rendered":"\n

Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP529m.<\/p>\n\n\n\n\n\n\n\n

Macau.- JP Morgan Securities<\/strong> (Asia Pacific) has reported that Macau\u2019s casino gross gaming revenue (GGR) for the first 17 days of December could have been MOP9bn (US$1.11bn)<\/strong>. The estimated daily run-rate was MOP529m (US$65.8m)<\/strong>, slightly lower than in November (MOP535m).<\/p>\n\n\n\n

Analysts predict GGR of MOP17bn (US$2.1bn) for the full month<\/strong>. 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

In November, 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

Macau\u2019s secretary for economy and finance, Lei Wai Nong, expressed confidence in the city\u2019s potential to 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":"

Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP529m.<\/p>\n","protected":false},"author":226,"featured_media":777011926,"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 casino GGR for the first 17 days of December reached MOP9bn, with a daily run-rate of MOP529m, slightly below November's. Analysts project MOP17bn for the full month, indicating a full mass market recovery and an expected 8-10% quarter-on-quarter EBITDA growth, surpassing historical seasonality. Cumulative GGR for 2023's first eleven months was MOP164.5bn, up 325% year-on-year, with visitor numbers also showing strong recovery.","focusai_entities":"JP Morgan, JP Morgan Securities (Asia Pacific), Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Sustainability","query":"What specific factors are driving the sustained recovery of Macau's mass market GGR, and what are the potential risks to this trajectory in Q1 2024?"},{"label":"EBITDA Growth Drivers","query":"Beyond GGR recovery, what operational efficiencies or new revenue streams are contributing to the projected 8-10% quarter-on-quarter EBITDA growth, exceeding historical seasonality?"}],"footnotes":""},"categories":[16338,163,158],"tags":[257],"class_list":["post-777011981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011981","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011981"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011981\/revisions"}],"predecessor-version":[{"id":777011983,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011981\/revisions\/777011983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}