The Bank of East Asia has forecast that GGR will reach nearly 80 per cent of 2019 levels.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Bank of East Asia (BEA)<\/strong> has issued a report forecasting 6 per cent growth in Macau’s GGR per tourist in 2024<\/strong>. This projection is in line with mainland Chinese disposable income growth of 6.3 per cent year-on-year in the first three quarters of last year.<\/span><\/p>\n\n\n\n According to research from East Asia Securities, as China’s economy stabilises, Macau’s gaming revenue is expected to experience a further recovery. It anticipates a rebound in Macau’s inbound visitor arrivals to around 86 per cent of the 2019 levels, equivalent to nearly 34 million visitors and GGR at nearly 80 per cent of 2019 levels.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":" The Bank of East Asia has forecast that GGR will reach nearly 80 per cent of 2019 levels.<\/p>\n","protected":false},"author":176,"featured_media":25493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Bank of East Asia forecasts Macau's Gross Gaming Revenue (GGR) to reach nearly 80% of 2019 levels in 2024, driven by a projected 6% growth in GGR per tourist. This recovery is predicated on the stabilisation of China's economy and a rebound in inbound visitor arrivals to 86% of pre-pandemic figures, aligning with mainland Chinese disposable income growth.","focusai_entities":"Bank of East Asia, East Asia Securities","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"GGR Growth Drivers","query":"What specific non-disposable income factors are anticipated to drive the projected 6% GGR per tourist growth in Macau for 2024?"},{"label":"Economic Sensitivity","query":"How sensitive are these GGR and visitor arrival forecasts to potential shifts in mainland China's economic stability or consumer spending patterns?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777012532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012532","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=777012532"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012532\/revisions"}],"predecessor-version":[{"id":777012547,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012532\/revisions\/777012547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25493"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n