{"id":777012441,"date":"2024-01-16T09:58:15","date_gmt":"2024-01-16T12:58:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012441"},"modified":"2026-04-22T13:58:08","modified_gmt":"2026-04-22T16:58:08","slug":"macau-daily-ggr-reaches-us74m-in-second-week-of-january","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-daily-ggr-reaches-us74m-in-second-week-of-january","title":{"rendered":"Macau daily GGR reaches US$74m in second week of January"},"content":{"rendered":"\n

Analysts at JP Morgan still expect Macau’s January GGR to reach MOP17.5-18bn, despite a decrease from New Year holiday levels.<\/p>\n\n\n\n\n\n\n\n

Macau.- JP Morgan Securities (Asia Pacific)<\/strong> has reported a 4.8 per cent moderation in daily gross gaming revenue (GGR) compared to the peak of MOP630m during the New Year holiday. <\/p>\n\n\n\n

Despite this slight decline, analysts DS Kim<\/strong>, Mufan Shi<\/strong>, and Selina Li <\/strong>noted the city posted a daily GGR of MOP600m (US$74m) during the second week of the month and anticipated a monthly GGR of between MOP17.5bn and MOP18bn.<\/p>\n\n\n\n

Analysts further stated that for the initial 14 days of January, Macau’s GGR reached an estimated MOP8.6bn, maintaining a “robust run rate” of MOP614m daily. This surpasses December’s daily GGR of MOP599m, which already exceeded market expectations.<\/p>\n\n\n\n

December\u2019s GGR<\/a> was up 15.8 per cent month-on-month<\/a> from MOP16.04bn to MOP18.56bn (US$2.3bn).<\/p>\n\n\n\n

JP Morgan also underscored the resilience of mass-market GGR in January, running at “105 per cent to 110 per cent” of the equivalent 2019 period. VIP GGR, while exhibiting a “flattish month-on-month” trend, remains at approximately 20 per cent of pre-Covid-19 levels. <\/p>\n\n\n\n

A week ago, brokerage Citigroup<\/a> predicted Macau’s GGR would reach MOP$17.5bn (US$2.2bn) in January. Analysts highlighted that December 2023 exceeded expectations, recording a GGR of MOP18.56bn (US$2.3bn), showcasing a daily run-rate surpassing both market and broker projections by approximately 6 per cent.<\/p>\n\n\n\n

In parallel, brokerage firm Morgan Stanley has predicted that Macau\u2019s ggr will rise 28 per cent year-on-year in 2024<\/a> and reach 80 per cent of pre-pandemic levels. <\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at JP Morgan still expect Macau’s January GGR to reach MOP17.5-18bn, despite a decrease from New Year holiday levels.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 project Macau's January GGR to reach MOP17.5-18bn, despite a slight moderation from New Year holiday peaks, driven by a robust daily run rate and strong mass-market recovery. This follows December's GGR exceeding market expectations, with forecasts from Citigroup and Morgan Stanley also indicating continued sector growth and a return to significant pre-pandemic levels in 2024.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Citigroup, Morgan Stanley","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Sustainability?","query":"What specific factors are driving the sustained outperformance of Macau's mass-market GGR relative to 2019 levels, and what are the long-term sustainability implications given current economic conditions?"},{"label":"VIP Segment Recovery?","query":"Given the 'flattish month-on-month' trend and 20% of pre-COVID levels, what are the primary impediments to a more robust recovery in Macau's VIP GGR segment, and what strategies are operators deploying to address this?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777012441","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012441","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=777012441"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012441\/revisions"}],"predecessor-version":[{"id":777012442,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012441\/revisions\/777012442"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}