{"id":777014966,"date":"2024-04-24T09:25:13","date_gmt":"2024-04-24T12:25:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014966"},"modified":"2026-04-22T10:51:22","modified_gmt":"2026-04-22T13:51:22","slug":"macau-daily-ggr-to-reach-us99-1m-during-labour-day-break-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-daily-ggr-to-reach-us99-1m-during-labour-day-break-analysts-say","title":{"rendered":"Macau daily GGR to reach US$99.1m during Labour Day break, analysts say"},"content":{"rendered":"\n

Morgan Stanley predicts daily gross gaming revenue of MOP800m to MOP850m.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Morgan Stanley Asia\u00a0predicts that this year’s Labour Day holiday season will generate daily gross gaming revenue (GGR) of\u00a0between\u00a0MOP800m (US$99.1m)\u00a0and MOP850m. This would be 73 to 77 per cent of the 2019 level and 5 to 10 per cent below this year’s Chinese New Year<\/a>\u00a0between February 10\u00a0and 17.<\/p>\n\n\n\n

Morgan Stanley’s study of 28 Macau hotels revealed that the average daily room rate was tracking at about 80\u00a0per cent\u00a0of the level recorded for the 2019 Labour Day holiday period. The survey on Monday (April 22) covered seven travel nights from April 30 to May 6 inclusive, representing a period before and after the five-day Chinese mainland holiday period.<\/p>\n\n\n\n

Morgan Stanley observed that MGM China Holdings “looks better than peers” as both of its properties show growth versus Chinese New Year and May 2019. On the other hand, Sands China hotels, including Venetian, Four Seasons, and Parisian, seem to be experiencing a\u00a0bigger\u00a0decline in the average daily room rate and occupancy, which could be partly due to renovation works taking place at some properties.\u00a0<\/p>\n\n\n\n

See also:<\/strong> Macau GGR estimated at US$1.5bn for first 3 weeks of April<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley predicts daily gross gaming revenue of MOP800m to MOP850m.<\/p>\n","protected":false},"author":176,"featured_media":21513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley projects Macau's Labour Day holiday GGR to reach MOP800m-MOP850m daily, representing 73-77% of 2019 levels and a slight decline from Chinese New Year 2024. The analysis highlights MGM China Holdings' stronger performance compared to peers like Sands China, whose properties show a greater decline in room rates and occupancy, partly due to ongoing renovations.","focusai_entities":"Morgan Stanley Asia, MGM China Holdings, Sands China, Venetian, Four Seasons, Parisian","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.98), investor_analyst (0.99), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Accuracy","query":"What factors could lead to a deviation from Morgan Stanley's Labour Day GGR forecast, and how might this impact Q2 earnings for Macau operators?"},{"label":"Operator Performance Discrepancy","query":"Beyond renovation works, what underlying competitive or operational strategies might explain MGM China's outperformance relative to Sands China during this holiday period?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777014966","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\/777014966","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=777014966"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014966\/revisions"}],"predecessor-version":[{"id":777015001,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014966\/revisions\/777015001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}