Citigroup predicts that Macau\u2019s GGR will recover to 78 per cent of 2019 levels.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Citigroup has forecast that gross gaming revenue (GGR)\u00a0will reach MOP$18.5bn (US$2.3bn) in April. That would be 78 per cent of the 2019 levels. <\/p>\n\n\n\n
According to analysts\u00a0George Choi<\/strong>\u00a0and\u00a0Ryan Cheung<\/strong>, the daily run rate for the last seven days of March was MOP658m, up from around MOP629m in the prior week. They attributed the increase to increased visitation during the Easter holidays (March 29 to April 1 for Hong Kong). Data from the Public Security Police indicates a peak of 122,235 visitors on March 30.<\/p>\n\n\n\n Macau’s GGR for March<\/a>\u00a0was\u00a0MOP19.50bn (US$2.42bn)<\/strong>, an increase of 5.5 per cent\u00a0month-on-month<\/a>\u00a0and 53.1 per cent when compared to March 2023. Cumulatively, Macau\u2019s GGR for the first three months of 2024 was MOP$57.3bn (US$7.11bn), up 65.5 per cent year-on-year and implying a full-year run rate of around MOP$229.2bn (US$28.4bn).<\/p>\n","protected":false},"excerpt":{"rendered":" Citigroup predicts that Macau\u2019s GGR will recover to 78 per cent of 2019 levels.<\/p>\n","protected":false},"author":176,"featured_media":26708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Citigroup forecasts Macau's April Gross Gaming Revenue (GGR) to reach MOP$18.5bn, representing 78% of 2019 levels, driven by increased visitation during the Easter holidays. March GGR stood at MOP19.50bn, a 5.5% month-on-month and 53.1% year-on-year increase, contributing to a Q1 2024 GGR of MOP$57.3bn, up 65.5% year-on-year.","focusai_entities":"Citigroup, George Choi, Ryan Cheung, Public Security Police","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau NGR Margins?","query":"What is the projected Net Gaming Revenue (NGR) margin for Macau operators given the GGR recovery trajectory and evolving operational cost structures?"},{"label":"Visitor Demographics Impact?","query":"How do current visitation demographics and average spend per visitor compare to pre-pandemic levels, and what are the implications for VIP versus mass market segmentation strategies?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777014417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014417","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=777014417"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014417\/revisions"}],"predecessor-version":[{"id":777014452,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014417\/revisions\/777014452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}