{"id":777013679,"date":"2024-03-05T08:24:23","date_gmt":"2024-03-05T11:24:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013679"},"modified":"2026-04-22T12:23:36","modified_gmt":"2026-04-22T15:23:36","slug":"macau-ggr-to-reach-us2-42bn-in-march-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us2-42bn-in-march-analysts-say","title":{"rendered":"Macau GGR to reach US$2.42bn in March, analysts say"},"content":{"rendered":"\n<p>Macau casino revenue will remain well below pre-pandemic levels, according to analysts.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Deutsche Bank Securities\u00a0<\/strong>has estimated that Macau&#8217;s gross gaming revenue (GGR) for March will amount to US$2.42bn, a 5.7 per cent increase\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" target=\"_blank\" rel=\"noreferrer noopener\">from the previous month&#8217;s tally<\/a>.\u00a0Analyst <strong>Carlo Santarelli<\/strong> noted a slight decline in daily revenue compared to February but less than the average sequential per day decrease observed historically between March and February.\u00a0<\/p>\n\n\n\n<p>The forecast for March represents a drop of 25.2 per cent compared to the same month in 2019, before the Covid-19 pandemic. However, <strong>Santarelli<\/strong> predicts that\u00a0the first quarter of 2024 will see a year-on-year increase of 65 per cent to approximately US$7.15bn. This would reflect a 5.6 per cent increase from the previous quarter but remains 25 per cent lower than the first quarter of 2019.<\/p>\n\n\n\n<p>Cumulatively, Macau\u2019s GGR for the first two months of 2024 was MOP37.82bn, up 72.7 per cent from the prior-year period.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-up-80-5-in-2023\" rel=\"noreferrer noopener\">Macau GDP up 80.5% in 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau casino revenue will remain well below pre-pandemic levels, according to analysts.<\/p>\n","protected":false},"author":176,"featured_media":26764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank Securities projects Macau's March 2024 GGR at US$2.42bn, a 5.7% sequential increase but 25.2% below March 2019. Q1 2024 GGR is forecasted at US$7.15bn, up 65% year-on-year, yet 25% lower than Q1 2019, indicating a sustained recovery trajectory that has not yet reached pre-pandemic performance benchmarks.","focusai_entities":"Deutsche Bank Securities, Carlo Santarelli","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Pace","query":"What specific policy or market factors are projected to accelerate or impede Macau's GGR recovery to pre-pandemic levels beyond Q1 2024?"},{"label":"Operator Profitability Impact","query":"How do these GGR forecasts translate into projected EBITDA and net profit margins for key Macau concessionaires, considering current operational cost structures?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777013679","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\/777013679","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=777013679"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013679\/revisions"}],"predecessor-version":[{"id":777013715,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013679\/revisions\/777013715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}