Macquarie Equity Research predicts that GGR will reach 75-79 per cent of pre-Covid19 levels.<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at Macquarie Equity Research<\/strong> have forecast that Macau’s gross gaming revenue (GGR) will reach between MOP17.6bn (US$7.11bn) and MOP18.7bn in April.\u00a0Analysts Linda Huang and Howard Suen said the daily run rate for last week was MOP600m while the daily run date for the month is expected to be between MOP580m and MOP630m.<\/p>\n\n\n\n The figures indicate a potential 75 per cent to 79 per cent recovery compared to pre-pandemic levels in 2019, surpassing the March 2024 results.\u00a0According to analysts, this is mainly due to favourable tourist arrivals during Easter and sustained interest from mainland Chinese visitors. During the Easter holidays (March 29 to April 1 in Hong Kong) some\u00a0406,000 people visited the city<\/a>.<\/p>\n\n\n\n Macau\u2019s GGR for March<\/a> was MOP19.50bn (US$2.42bn)<\/strong>, an increase of 5.5 per cent month-on-month<\/a> and 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":" Macquarie Equity Research predicts that GGR will reach 75-79 per cent of pre-Covid19 levels.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macquarie Equity Research forecasts Macau's April Gross Gaming Revenue (GGR) to reach MOP17.6bn-MOP18.7bn, indicating a 75-79% recovery to pre-Covid19 levels, surpassing March 2024 results. This robust recovery is primarily attributed to favorable tourist arrivals during Easter and sustained interest from mainland Chinese visitors. Cumulatively, Macau's Q1 2024 GGR stood at MOP$57.3bn, reflecting a 65.5% year-on-year increase.","focusai_entities":"Macquarie Equity Research, Linda Huang, Howard Suen","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"Beyond Easter and mainland visitors, what specific market segments or high-roller activity are contributing to Macau's GGR recovery exceeding March 2024 results?"},{"label":"Full-Year GGR Outlook?","query":"Given the Q1 run rate and April projections, what are the revised full-year GGR expectations for Macau, and what potential headwinds or tailwinds could impact this forecast?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777014633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014633","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=777014633"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014633\/revisions"}],"predecessor-version":[{"id":777014673,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014633\/revisions\/777014673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}