Analysts at JP Morgan indicate a daily run-rate of MOP595m.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0JP Morgan Securities<\/strong>\u00a0(Asia Pacific) has estimated that Macau\u2019s casino gross gaming revenue (GGR) for the first 21 days of April was\u00a0MOP12.5bn (US$1.5bn)<\/strong>. The estimated daily\u00a0run-rate\u00a0was\u00a0MOP595m<\/strong>, down 5.4 per cent when compared to March (MOP629m).<\/p>\n\n\n\n Last week’s average daily GGR remained stable at MOP600m. Analysts DS Kim<\/strong>,\u00a0Mufan Shi<\/strong> and\u00a0Selina Li<\/strong> noted that mass GGR, including slots, is tracking at 110 per cent above pre-Covid-19 levels, while VIP volumes are showing a mid-20 per cent recovery, similar to first-quarter trends.\u00a0<\/p>\n\n\n\n Analysts at Citigroup have forecast that\u00a0GGR\u00a0will reach MOP$18.5bn (US$2.3bn)<\/a>\u00a0this month. That would be 78 per cent of the 2019 levels.<\/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":" Analysts at JP Morgan indicate a daily run-rate of MOP595m.<\/p>\n","protected":false},"author":176,"featured_media":777013253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities (Asia Pacific) estimates Macau's GGR for the first 21 days of April at MOP12.5bn, with a daily run-rate of MOP595m, a 5.4% decrease from March. While mass GGR, including slots, exceeds pre-Covid-19 levels by 110%, VIP volumes show only a mid-20% recovery. Citigroup forecasts April's total GGR to reach MOP18.5bn, representing 78% of 2019 levels, with year-to-date GGR implying a MOP229.2bn full-year run rate.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Citigroup","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0), marketing_crm (0.7)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"Given the current GGR run-rates and the disparity in recovery between mass and VIP segments, what are the revised full-year GGR projections for Macau, and what factors could accelerate or decelerate VIP recovery?"},{"label":"Segment Performance Analysis","query":"What specific operational or marketing strategies are Macau operators deploying to capitalize on the robust mass GGR performance, and how are they addressing the slower recovery in the VIP segment?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777014933","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\/777014933","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=777014933"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014933\/revisions"}],"predecessor-version":[{"id":777014960,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014933\/revisions\/777014960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777013253"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}