{"id":777015355,"date":"2024-05-09T09:40:11","date_gmt":"2024-05-09T12:40:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015355"},"modified":"2026-04-22T10:25:02","modified_gmt":"2026-04-22T13:25:02","slug":"macau-daily-ggr-reaches-us113m-in-first-5-days-of-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-daily-ggr-reaches-us113m-in-first-5-days-of-may","title":{"rendered":"Macau daily GGR reaches US$113m in first 5 days of May"},"content":{"rendered":"\n<p>Analysts at Jefferies expect May GGR to reach MOP19.6-21.5bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-<strong> Jefferies\u00a0<\/strong>has estimated that\u00a0Macau\u2019s\u00a0daily average gross gaming revenue (GGR) for the first five days of May\u00a0was MOP910m (US$113m). Analysts said a\u00a0strong start to\u00a0the month\u00a0was <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-receives-604395-visitors-during-labour-day-holiday\" target=\"_blank\" rel=\"noreferrer noopener\">driven by the Labour Day holiday<\/a>\u00a0and was only slightly below the first six days of\u00a02023\u2019s\u00a0October Golden Week (MOP930-940m per day).<\/p>\n\n\n\n<p>Month-to-date mass GGR and VIP segment GGR are up by 45-50 per cent and 60 per cent, respectively, while VIP win rates increased by 3.3-3.5 per cent. Analysts predicted that GGR will slow down for the rest of the month to MOP580-650m per day, resulting in a full-month GGR of MOP19.6bn to 21.5bn. Even at the lower end of the range, this would be the second-highest monthly average this year.<\/p>\n\n\n\n<p>Analysts noted that concerns about\u00a0China&#8217;s\u00a0macroeconomic growth could potentially affect future overseas travel,\u00a0which may impact\u00a0on Macau gaming stocks. They have moderate expectations for GGR growth in 2024.<\/p>\n\n\n\n<p>In April, GGR was down 4.9 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-53-1-in-march\" rel=\"noreferrer noopener\">month-on-month<\/a>&nbsp;at MOP18.5bn (US$2.29bn).&nbsp;The figure was&nbsp;up 26 per cent&nbsp;when&nbsp;compared to April 2023 but down 21.4 per cent from the MOP23.6bn (US$2.91bn) reported in April 2019. Cumulatively,&nbsp;Macau\u2019s&nbsp;GGR for the first four months of 2024 was MOP75.87bn (US$9.36bn), up 53.7 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Jefferies expect May GGR to reach MOP19.6-21.5bn.<\/p>\n","protected":false},"author":176,"featured_media":17661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's GGR commenced May robustly, propelled by the Labour Day holiday, with Jefferies forecasting MOP19.6-21.5bn for the full month, potentially marking the second-highest monthly average this year. While mass and VIP segments demonstrate significant year-on-year growth, prevailing concerns regarding China's macroeconomic trajectory are tempering GGR growth expectations for 2024.","focusai_entities":"Jefferies","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"Given the strong Labour Day GGR and subsequent projected slowdown, what is the revised outlook for Macau's full-year GGR growth trajectory, accounting for China's macroeconomic concerns?"},{"label":"GGR Segment Sustainability?","query":"Beyond the reported GGR figures, what are the underlying drivers of the 45-50% mass GGR and 60% VIP GGR increases year-on-year, and are these sustainable given current market conditions?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777015355","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\/777015355","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=777015355"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015355\/revisions"}],"predecessor-version":[{"id":777015386,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015355\/revisions\/777015386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}