Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP619m.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0JP Morgan Securities<\/strong>\u00a0(Asia Pacific) has estimated that Macau\u2019s casino gross gaming revenue (GGR) for the first 21 days of January was\u00a0MOP13bn (US$1.61bn)<\/strong>. The estimated daily run-rate was\u00a0MOP619m (US$76.9m)<\/strong>.<\/p>\n\n\n\n According to analysts\u00a0DS Kim<\/strong>,\u00a0Mufan Shi<\/strong>, and\u00a0Selina Li<\/strong>, the figure represents a “robust run-rate” compared to MOP599m a day in December, “which was already a beat.” Analysts suggest that Macau’s daily casino GGR for the seven days leading up to Sunday (January 21) was MOP628m. This implies a sequential improvement despite weaker seasonality, almost comparable to the New Year holiday (MOP630m).\u00a0<\/p>\n\n\n\n JP Morgan believes that last week’s tally indicates that\u00a0mass revenue was running at 105 to 110 per cent of pre-Covid-19 levels, while VIP was flat month-on-month in the low-20 per cent.\u00a0Although GGR is expected to slow ahead of Chinese New Year,\u00a0analysts expect January to reach at least MOP17.5bn to MOP18bn. The Chinese New Year holiday period runs from February 10 to 17.\u00a0<\/p>\n\n\n\n According to data from the Gaming Inspection and Coordination Bureau (DICJ), December\u2019s GGR was\u00a0up 15.8 per cent month-on-month<\/a>\u00a0from MOP16.04bn to MOP18.56bn (US$2.3bn).\u00a0Authorities reported that\u00a0Macau\u2019s GGR for 2023 was MOP183.06bn<\/a>\u00a0(US$22.75bn), a rise of 333.8 per cent\u00a0when compared to 2022<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at JP Morgan say Macau\u2019s casino gross gaming revenue reached a daily run-rate of MOP619m.<\/p>\n","protected":false},"author":176,"featured_media":21522,"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 Gross Gaming Revenue (GGR) for the first 21 days of January reached MOP13bn, with a robust daily run-rate of MOP619m, surpassing December's figures. Analysts project January's total GGR to hit MOP17.5bn-MOP18bn, driven by mass market recovery to 105-110% of pre-Covid levels, despite an expected slowdown before Chinese New Year.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the key drivers and potential headwinds for Macau's GGR trajectory beyond the Chinese New Year holiday, particularly concerning the sustainability of mass market recovery and VIP segment performance?"},{"label":"Mass vs. VIP Dynamics","query":"How do the current mass market GGR levels, exceeding pre-Covid benchmarks, impact the long-term operational strategies and capital allocation decisions for Macau's concessionaires, especially in contrast to the flat VIP segment?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906],"class_list":["post-777012538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012538","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=777012538"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012538\/revisions"}],"predecessor-version":[{"id":777012541,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012538\/revisions\/777012541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21522"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}