{"id":777015670,"date":"2024-05-21T09:19:54","date_gmt":"2024-05-21T12:19:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015670"},"modified":"2026-04-22T10:05:00","modified_gmt":"2026-04-22T13:05:00","slug":"macau-ggr-estimated-at-us1-7bn-for-first-19-days-of-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-estimated-at-us1-7bn-for-first-19-days-of-may","title":{"rendered":"Macau GGR estimated at US$1.7bn for first 19 days of May"},"content":{"rendered":"\n

Citigroup has raised its forecast for this month’s gross gaming revenue.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at Citigroup<\/strong> have estimated that Macau\u2019s market-wide GGR for the first 19 days of May was <\/strong>MOP13.4bn (US$1.7bn). The current daily run rate would stand at MOP686m, up nearly 19 per cent when compared to the previous week.<\/p>\n\n\n\n

Analyst George Choi\u00a0<\/strong>said the uptick was mainly due to a rise in the number of visitors amid concerts by Hong Kong Cantopop group Mirror. He said the introduction of Small 6\/Big6 side bets by Sands China and\u00a0Galaxy Entertainment Group\u00a0probably helped too.<\/p>\n\n\n\n

Citigroup also increased its forecast for May GGR from MOP20.0bn to MOP20.50bn due to higher month-on-month mass and VIP gaming volumes.\u00a0That would represent around 79 per cent of the same month in 2019 before the Covid-19\u00a0pandemic. Citigroup expects daily casino GGR of MOP592m for the rest of this month. <\/p>\n\n\n\n

The institution’s latest estimate reflected VIP gaming volumes at about 15 to 18 per cent higher month-on-month. The mass gaming segment is up 13 to 15 per cent sequentially.<\/p>\n\n\n\n

In April, GGR was down 4.9 per cent month-on-month<\/a> at MOP18.5bn (US$2.29bn). The figure was up 26 per cent when compared to April 2023 but down 21.4 per cent from the MOP23.6bn (US$2.91bn) reported in April 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup has raised its forecast for this month’s gross gaming revenue.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 has raised its May GGR forecast for Macau to MOP20.50bn, driven by a surge in visitor numbers, notably due to concerts, and the introduction of new side bets by key operators. This revised projection reflects significant month-on-month growth in both mass and VIP gaming volumes, positioning May's GGR at approximately 79% of pre-pandemic levels.","focusai_entities":"Citigroup, George Choi, Sands China, Galaxy Entertainment Group, Mirror","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), product_ux (0.7), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Long-term GGR diversification?","query":"What is the projected long-term impact of non-gaming entertainment, such as concerts, on Macau's GGR diversification strategy and overall market resilience?"},{"label":"New side bets impact?","query":"How do the new Small 6\/Big6 side bets by Sands China and Galaxy Entertainment Group influence competitive dynamics and player engagement metrics within the mass market segment?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,23906],"class_list":["post-777015670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015670","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=777015670"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015670\/revisions"}],"predecessor-version":[{"id":777015702,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015670\/revisions\/777015702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}