{"id":777016356,"date":"2024-06-12T09:12:22","date_gmt":"2024-06-12T12:12:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016356"},"modified":"2026-04-22T09:15:10","modified_gmt":"2026-04-22T12:15:10","slug":"macau-ggr-to-dip-in-june-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-dip-in-june-analysts-say","title":{"rendered":"Macau GGR to dip in June, analysts say"},"content":{"rendered":"\n<p>Analysts at Citigroup cited heavy rain and nationwide exams as the main factors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-<strong> Macau&#8217;s gross gaming revenue (GGR)<\/strong> is experiencing a dip this month, mainly due to adverse weather conditions and nationwide university admission exams, according to <strong>Citigroup<\/strong>. Analysts <strong>George Choi <\/strong>and <strong>Ryan Cheung<\/strong> suggested investors should consider June&#8217;s data as a baseline for the industry&#8217;s performance this year.<\/p>\n\n\n\n<p>Their survey findings indicated an increase of 10 per cent year-on-year in wagers in the premium mass segment, amounting to HK$10m (US$1.28m). This was primarily driven by a 31 per cent rise in the number of players to 543. <\/p>\n\n\n\n<p>The average wager per player saw a decline of 16 per cent year-on-year, dropping to HK$18,478. Analysts attributed this to the comparably high base set in June 2023, when Sands China hosted performances by Cantopop singer Jacky Cheung, attracting high-spending individuals.<\/p>\n\n\n\n<p>The survey highlighted the resilience of the gaming sector during China&#8217;s nationwide university admission exams, which typically result in reduced travel by parents. The survey noted that high-stake players remained steady year-on-year, with 16 whales identified, including one betting HK$10m at Galaxy Macau&#8217;s Horizon room.<\/p>\n\n\n\n<p>Analysts viewed the year-on-year increase in player count as a favourable indicator for the industry&#8217;s health. Macau\u2019s GGR for the first five months of 2024 was MOP$96.06bn (US$11.9bn), up 47.9 per cent year-on-year. <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">GGR for May<\/a>\u00a0was\u00a0MOP20.19bn (US$2.51bn), the city\u2019s best monthly performance since borders reopened after the Covid-19 pandemic in January 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Citigroup cited heavy rain and nationwide exams as the main factors.<\/p>\n","protected":false},"author":176,"featured_media":25616,"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 June GGR is experiencing a dip, attributed by Citigroup analysts to adverse weather and nationwide university exams, with June's data suggested as a baseline for 2024 performance. Despite this, the premium mass segment showed resilience with a 10% year-on-year increase in wagers driven by a 31% rise in player count, though average wager declined due to a high comparative base from June 2023.","focusai_entities":"Citigroup, George Choi, Ryan Cheung, Sands China, Jacky Cheung, Galaxy Macau","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Outlook H2 2024","query":"Given the June GGR dip and the premium mass segment's resilience, what are the revised GGR projections for Macau in H2 2024, and what specific market segments are expected to drive growth?"},{"label":"Premium Mass Strategy","query":"How are Macau operators adjusting their premium mass acquisition and retention strategies in light of the increased player count but decreased average wager, and what implications does this have for VIP segment recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777016356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016356","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=777016356"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016356\/revisions"}],"predecessor-version":[{"id":777016374,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016356\/revisions\/777016374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25616"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}