{"id":777014097,"date":"2024-03-19T08:54:52","date_gmt":"2024-03-19T11:54:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014097"},"modified":"2026-04-22T11:54:56","modified_gmt":"2026-04-22T14:54:56","slug":"macau-daily-ggr-reaches-us78m-in-second-week-of-march","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-daily-ggr-reaches-us78m-in-second-week-of-march","title":{"rendered":"Macau daily GGR reaches US$78m in second week of March"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Analysts expect gross gaming revenue to reach MOP10.5bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Analysts at Citigroup and UBS have reported that <strong>Macau\u2019s daily GGR was MOP629m (US$78m)<\/strong> in the last week, up from MOP610m per day\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us760m-in-first-10-days-of-march\" target=\"_blank\" rel=\"noreferrer noopener\">in the preceding 10 days<\/a>. VIP volumes were down 5 per cent compared to last month, but mass market volumes remain steady.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts at UBS expect GGR for the month to reach MOP10.5bn, which would be nearly 75 per cent of 2019 levels.\u00a0<strong>Andy Wu Keng Kuong<\/strong>, the president of the Macau Travel Industry Council, predicted that<strong> Macau\u2019s daily average of visitors could exceed 100,000<\/strong> in the March 29 to April 1 Easter holiday period, which holds significance in Hong Kong and Macau. Following Easter comes Ching Ming, a public holiday in Hong Kong, mainland China, and Macau, from April 4 to April 6 in China and April 4 alone in Hong Kong.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" rel=\"noreferrer noopener\">Macau\u2019s GGR for the first two months of 2024<\/a>&nbsp;was MOP37.82bn, up 72.7 per cent from the prior-year period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts expect gross gaming revenue to reach MOP10.5bn.<\/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":"Macau's gross gaming revenue (GGR) continues its robust recovery, with daily GGR reaching MOP629m in the last week, primarily driven by steady mass market volumes despite a 5% decline in VIP activity month-over-month. Analysts project March GGR to achieve MOP10.5bn, representing approximately 75% of 2019 levels, further bolstered by anticipated high visitor volumes during upcoming Easter and Ching Ming holiday periods. This performance builds on the MOP37.82bn GGR recorded for the first two months of 2024, marking a 72.7% year-on-year increase.","focusai_entities":"Citigroup, UBS, Andy Wu Keng Kuong, Macau Travel Industry Council","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"Given the current GGR trajectory and anticipated holiday visitor influx, what are the revised analyst projections for Macau's Q2 2024 GGR, and how does this impact long-term market capitalization forecasts for concessionaires?"},{"label":"VIP vs. Mass Market","query":"What specific operational and marketing strategies are Macau operators implementing to mitigate the 5% month-over-month decline in VIP volumes, and how are these impacting overall NGR contribution from this segment?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777014097","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014097","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=777014097"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014097\/revisions"}],"predecessor-version":[{"id":777014104,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014097\/revisions\/777014104"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}