{"id":777012210,"date":"2024-01-03T08:43:12","date_gmt":"2024-01-03T11:43:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012210"},"modified":"2026-04-22T14:21:18","modified_gmt":"2026-04-22T17:21:18","slug":"macau-q4-2023-mass-ggr-surpasses-pre-covid-19-levels-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-q4-2023-mass-ggr-surpasses-pre-covid-19-levels-analysts-say","title":{"rendered":"Macau Q4 2023 mass GGR surpasses pre-Covid-19 levels, analysts say"},"content":{"rendered":"\n<p>JP Morgan has reported that the figure hit over 105 per cent of 2019 figures.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- JP Morgan has reported that Macau&#8217;s mass gross gaming revenue (GGR) in the fourth quarter of 2023 exceeded 105 per cent of pre-Covid-19 levels.\u00a0It says the mass GGR in Q4 2023 saw quarter-on-quarter growth of 12-13 per cent, reaching a record high of MOP48.6bn (US$6bn). Headline GGR rose by over 11 per cent quarter-on-quarter to MOP588m per day.\u00a0<\/p>\n\n\n\n<p>This growth rate doubled the historical seasonality and represented a recovery to 75 per cent of pre-pandemic levels. Analysts anticipate an increase of over 10 per cent quarter-on-quarter in fourth-quarter EBITDA, which would mean a recovery to 85 per cent of pre-Covid-19 levels.\u00a0<\/p>\n\n\n\n<p>JP Morgan reported that Macau&#8217;s overall December GGR reached MOP18.6bn, surpassing 80 per cent of the figure reported for December 2019. <\/p>\n\n\n\n<p>According to the latest data released by the Gaming Inspection and Coordination Bureau (DICJ), December\u2019s GGR was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-17-7-in-november\" target=\"_blank\" rel=\"noreferrer noopener\">up 15.8 per cent month-on-month<\/a>\u00a0from MOP16.04bn to MOP18.56bn (US$2.3bn). Authorities also reported that\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-333-8-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">Macau\u2019s GGR for 2023 was MOP183.06bn<\/a>\u00a0(US$22.75bn). That\u2019s a rise of 333.8 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-revenue-down-51-in-2022\" target=\"_blank\" rel=\"noreferrer noopener\">when compared to 2022<\/a>.<\/p>\n\n\n\n<p>As Macau\u2019s annual GGR exceeded MOP180bn (US$22.45bn), the six city\u2019s casino operators are to\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-to-increase-non-gaming-investment-if-ggr-reaches-us22-45bn\" target=\"_blank\" rel=\"noreferrer noopener\">increase their pledged non-gaming investment<\/a>\u00a0by 20 per cent.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan has reported that the figure hit over 105 per cent of 2019 figures.<\/p>\n","protected":false},"author":176,"featured_media":777009898,"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 mass GGR in Q4 2023 exceeded 105% of pre-Covid levels, reaching MOP48.6bn, while overall December GGR surpassed 80% of 2019 figures. The robust 2023 annual GGR of MOP183.06bn, a 333.8% increase year-on-year, triggers a 20% increase in non-gaming investment pledges from the six city's casino operators.","focusai_entities":"JP Morgan, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Investment Details?","query":"What are the specific non-gaming investment categories and timelines for the increased pledges by Macau's six casino operators?"},{"label":"Mass vs. VIP Performance?","query":"How does the Q4 2023 mass GGR recovery compare to VIP segment performance, and what are the implications for future revenue diversification strategies?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777012210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012210","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=777012210"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012210\/revisions"}],"predecessor-version":[{"id":777012213,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012210\/revisions\/777012213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009898"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}