{"id":777012052,"date":"2023-12-20T09:52:20","date_gmt":"2023-12-20T12:52:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012052"},"modified":"2026-04-22T14:33:22","modified_gmt":"2026-04-22T17:33:22","slug":"macau-chief-executive-2023-gaming-revenue-to-exceed-us22bn","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-chief-executive-2023-gaming-revenue-to-exceed-us22bn","title":{"rendered":"Macau chief executive: 2023 gaming revenue to exceed US$22bn"},"content":{"rendered":"\n<p>Ho Iat Seng expects GGR of over MOP180bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Chief executive <strong>Ho Iat Seng<\/strong> expects Macau\u2019s gross gaming revenue (GGR) for 2023 <strong>to surpass MOP180bn (US$22.4bn)<\/strong>. Speaking to journalists on the sidelines of a reception marking the 24th anniversary of the SAR, he noted that GGR for the first 11 months had already exceeded MOP160bn (US$19bn) at MOP164.5bn.<\/p>\n\n\n\n<p>According to JP Morgan, Macau\u2019s GGR for the <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-estimated-us1-11bn-in-first-17-days-of-december\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-estimated-us1-11bn-in-first-17-days-of-december\" target=\"_blank\" rel=\"noreferrer noopener\">first 17 days of December<\/a> could have reached MOP9bn (US$1.11bn), with a daily run-rate of MOP529m (US$65.8m). Analysts predict GGR of MOP17bn (US$2.1bn) for the full month.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-full-year-visitor-numbers-expected-to-reach-28-million\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/macau-full-year-visitor-numbers-expected-to-reach-28-million\" target=\"_blank\" rel=\"noreferrer noopener\">Macau full-year visitor numbers expected to reach 28 million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ho Iat Seng expects GGR of over MOP180bn.<\/p>\n","protected":false},"author":226,"featured_media":24748,"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 Chief Executive, Ho Iat Seng, projects the region's 2023 Gross Gaming Revenue (GGR) to exceed MOP180bn (US$22.4bn), following MOP164.5bn achieved in the first 11 months. JP Morgan analysts corroborate this positive outlook, forecasting December's GGR to reach MOP17bn, signaling a robust market recovery.","focusai_entities":"Ho Iat Seng, JP Morgan","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific policy or market factors are anticipated to drive Macau's GGR beyond the MOP180bn projection in 2024, and how might this impact the concessionaires' non-gaming investment obligations?"},{"label":"Operator Performance Impact","query":"How do these GGR projections translate into anticipated EBITDA and net profit margins for the major Macau concessionaires, considering current operational costs and capital expenditure plans?"}],"footnotes":""},"categories":[157,16338,158],"tags":[257],"class_list":["post-777012052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012052","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=777012052"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012052\/revisions"}],"predecessor-version":[{"id":777012057,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012052\/revisions\/777012057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24748"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}