{"id":777015233,"date":"2024-05-06T09:50:29","date_gmt":"2024-05-06T12:50:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015233"},"modified":"2026-04-22T10:33:02","modified_gmt":"2026-04-22T13:33:02","slug":"macau-ggr-to-reach-us2-5bn-in-may-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us2-5bn-in-may-analysts-say","title":{"rendered":"Macau GGR to reach US$2.5bn in May, analysts say"},"content":{"rendered":"\n

Citigroup predicts that GGR will reach 77 per cent of pre-Covid-19 levels.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at Citigroup have forecast that Macau\u2019s gross gaming revenue (GGR) will reach MOP75.87bn (US$9.36bn) in May.\u00a0George Choi and Ryan Cheung said the daily run rate for the month is expected to be MOP645m.<\/span><\/p>\n\n\n\n

The figures indicate a potential 77 per cent recovery compared to pre-pandemic levels in 2019. In April, GGR was down 4.9 per cent\u00a0<\/span>month-on-month<\/span><\/a>\u00a0at MOP18.5bn (US$2.29bn).\u00a0The figure was\u00a0up 26 per cent\u00a0when\u00a0compared to April 2023 but down 21.4 per cent from the MOP23.6bn (US$2.91bn) reported in April 2019. Cumulatively, Macau\u2019s GGR for the first four months of 2024 was MOP75.87bn (US$9.36bn), up 53.7 per cent year-on-year.<\/span><\/p>\n\n\n\n

See also:<\/strong> Macau hotel occupancy rate reaches 84.4% in Q1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup predicts that GGR will reach 77 per cent of pre-Covid-19 levels.<\/p>\n","protected":false},"author":176,"featured_media":21500,"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 analysts forecast Macau's May Gross Gaming Revenue (GGR) to reach MOP75.87bn (US$9.36bn), indicating a 77% recovery compared to pre-pandemic 2019 levels. This projection follows April's GGR of MOP18.5bn, which, while up 26% year-on-year, was down 4.9% month-on-month.","focusai_entities":"Citigroup, George Choi, Ryan Cheung","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Drivers","query":"What specific demand-side factors and policy adjustments are Citigroup's analysts attributing to the projected 77% GGR recovery in Macau, and what are the key risks to this forecast?"},{"label":"Operator Performance Impact","query":"How do these GGR projections translate into anticipated EBITDA and net profit margins for the major concessionaires operating in Macau, considering current operational leverage and cost structures?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777015233","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\/777015233","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=777015233"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015233\/revisions"}],"predecessor-version":[{"id":777015268,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015233\/revisions\/777015268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21500"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}