{"id":777016397,"date":"2024-06-13T09:41:05","date_gmt":"2024-06-13T12:41:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016397"},"modified":"2026-04-22T09:11:04","modified_gmt":"2026-04-22T12:11:04","slug":"clsa-ups-macau-ggr-forecast","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clsa-ups-macau-ggr-forecast","title":{"rendered":"CLSA ups Macau GGR forecast"},"content":{"rendered":"\n<p>CLSA has upped its forecast by 2 to 3 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Investment group <strong>CLSA<\/strong>\u00a0has adjusted its gross gaming revenue (GGR) forecast for Macau to US$29.8bn, a 2 to 3 per cent increase from its previous forecast. Analysts<strong> Jeffrey Kiang <\/strong>and<strong> Leo Pan<\/strong> said <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">GGR figures in May<\/a> showed sustained demand in Macau&#8217;s gaming sector despite GGR remaining 22 per cent below 2019 figures.<\/p>\n\n\n\n<p>They highlighted Macau&#8217;s appeal as a premier gaming destination for Chinese visitors, citing proximity and favourable policies and noted resilience in the premium segment. CLSA also highlighted the expansion of the Individual Visitation Scheme (IVS)\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-welcomes-expansion-of-chinese-visa-programme\" target=\"_blank\" rel=\"noreferrer noopener\">to ten additional cities<\/a>, including Qingdao, Xi\u2019an, and Taiyuan, covering roughly 45 million residents, from March.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-mass-gaming-to-reach-113-of-2019-levels-analysts-say\" rel=\"noreferrer noopener\">Macau mass gaming to reach 113% of 2019 levels, analysts say<\/a><\/p>\n\n\n\n<p>CLSA has adjusted its <strong>2025 GGR forecast to US$31.7bn<\/strong> and raised its 2025 sector EBITDA forecast by 2 per cent to US$9.7bn, which would be above pre-pandemic levels. The report noted increasing competition between concessionaires, with combined discounts and investments in players rising by 10 per cent from the previous quarter to US$1.267bn in the first quarter of 2024<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-group-net-revenue-up-50-in-q1\" target=\"_blank\" rel=\"noreferrer noopener\">Galaxy Entertainment Group<\/a> is expected to regain market share, achieving 18.2 per cent by the end of this year, due to restructuring its sales team and redesigning its gaming area at Galaxy Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CLSA has upped its forecast by 2 to 3 per cent.<\/p>\n","protected":false},"author":176,"featured_media":25402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CLSA has increased its Macau GGR forecasts for 2024 to US$29.8bn and 2025 to US$31.7bn, citing sustained demand, the expansion of the Individual Visitation Scheme, and resilience in the premium gaming segment. Despite GGR remaining below 2019 levels, the investment group also raised its 2025 sector EBITDA forecast to US$9.7bn, surpassing pre-pandemic figures. This outlook highlights intensifying competition among concessionaires, with Galaxy Entertainment Group poised for market share recovery.","focusai_entities":"CLSA, Jeffrey Kiang, Leo Pan, Galaxy Entertainment Group","focusai_location":"Macau, China, Qingdao, Xi'an, Taiyuan","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.8), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Drivers","query":"What specific policy adjustments or infrastructure developments beyond the IVS expansion are anticipated to further accelerate Macau's GGR recovery towards or beyond pre-pandemic levels?"},{"label":"Concessionaire Competition Impact","query":"How might the intensified competition among Macau's concessionaires, evidenced by increased discounts and player investments, impact their respective NGR margins and long-term profitability outlooks?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777016397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016397","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=777016397"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016397\/revisions"}],"predecessor-version":[{"id":777016412,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016397\/revisions\/777016412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}