CLSA saw strong business during a recent visit.<\/p>\n\n\n\n\n\n\n\n
Macau.- Investment group CLSA expects Macau’s gross gaming revenue (GGR) for February to reach MOP19.8bn (US$2.46bn), up 2 per cent when compared to last month.\u00a0The forecast is based on strong performance during the Chinese New Year holiday this week and would make February the strongest month since the onset of the Covid-19 pandemic in early 2020, something we already expected.<\/p>\n\n\n\n
Analysts\u00a0Jeffrey Kiang\u00a0and\u00a0Leo Pan\u00a0noted that daily visitor arrivals aligning closely with\u00a0projections from the Macao Government Tourism Office (MGTO)<\/a>. During CLSA’s visit to Macau on February 12, analysts noted crowded ferries and shuttle buses, indicating strong visitor demand. Baccarat tables, with minimum bets starting at MOP1,000, were particularly popular, while other table games like sic bo and slot machines also attracted players.<\/p>\n\n\n\n Macau\u2019s GGR for January<\/a> was MOP19.34bn (US$2.4bn). That\u2019s a rise of 4.5 per cent month-on-month<\/a>. Revenue was up 67 per cent year-on-year and represented the second-best monthly performance since the Covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":" CLSA saw strong business during a recent visit.<\/p>\n","protected":false},"author":176,"featured_media":17661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CLSA projects Macau's February Gross Gaming Revenue (GGR) to reach MOP19.8bn (US$2.46bn), a 2% month-on-month increase, primarily driven by robust performance during the Chinese New Year holiday and strong visitor arrivals. This forecast positions February as the strongest GGR month since early 2020, building on January's MOP19.34bn GGR, which marked a 67% year-on-year rise.","focusai_entities":"CLSA, Jeffrey Kiang, Leo Pan, Macao Government Tourism Office (MGTO)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"GGR Segment Breakdown?","query":"What is the projected breakdown of February's GGR by gaming vertical (e.g., VIP baccarat, mass market baccarat, slots, other table games) and how does this compare to pre-pandemic segmentation?"},{"label":"Sustained Recovery Drivers?","query":"Beyond the Chinese New Year holiday, what are the key underlying drivers CLSA identifies for sustained GGR recovery in Macau throughout 2024, and what are the potential headwinds?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906],"class_list":["post-777013195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013195","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=777013195"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013195\/revisions"}],"predecessor-version":[{"id":777013210,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013195\/revisions\/777013210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}