{"id":777016784,"date":"2024-06-27T09:27:53","date_gmt":"2024-06-27T12:27:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016784"},"modified":"2026-04-22T08:42:40","modified_gmt":"2026-04-22T11:42:40","slug":"macau-ggr-to-reach-us28-7bn-this-year-seaport-research-partners-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us28-7bn-this-year-seaport-research-partners-says","title":{"rendered":"Macau GGR to reach US$28.7bn this year, Seaport Research Partners says"},"content":{"rendered":"\n<p>Analysts expect gross gaming revenue to be up 26 per cent in year-on-year terms.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at <strong>Seaport Research Partners <\/strong>have predicted that Macau&#8217;s gross gaming revenue (GGR) for 2024 will increase by 26 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-333-8-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">compared to last year<\/a>, reaching MOP231bn (US$28.7bn). Non-gaming revenues is forecast to reach US$4.9bn, a 17.7 per cent increase.<\/p>\n\n\n\n<p>According to analyst<strong> Vitaly Umansky<\/strong>, the figures are expected to rise to US$31.8bn and US$5.3bn in 2025. The forecast is based on the first-quarter performance, which reached 75.5 per cent of the 2019 levels. Despite an <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-estimated-at-us1-66bn-for-first-23-days-of-june\" target=\"_blank\" rel=\"noreferrer noopener\">expected slowdown in June<\/a>, analysts expected the recovery to be sustained. Umansky<strong> <\/strong>forecast flat growth for the third quarter of the year, mainly due to a potentially weak September. <\/p>\n\n\n\n<p>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. In May, GGR was MOP20.19bn (US$2.51bn). That\u2019s an increase of 8.9 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-april-ggr-up-26-per-cent-year-on-year\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month<\/a>\u00a0and 29.7 per cent when compared to May 2023.<\/p>\n\n\n\n<p>Last November, secretary for economy and finance<strong> Lei Wai Nong<\/strong> affirmed <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-affirms-gaming-revenue-target-for-2024\" target=\"_blank\" rel=\"noreferrer noopener\">Macau\u2019s GGR target of MOP216bn (US$26.8bn) for this year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts expect gross gaming revenue to be up 26 per cent in year-on-year terms.<\/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":"Seaport Research Partners forecasts Macau's 2024 Gross Gaming Revenue (GGR) to reach MOP231bn (US$28.7bn), a 26% year-on-year increase, with non-gaming revenues projected at US$4.9bn. These projections, based on strong Q1 performance, anticipate sustained recovery despite potential Q3 slowdowns, exceeding the government's MOP216bn target. Further growth is expected in 2025, with GGR reaching US$31.8bn.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Lei Wai Nong","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific factors, beyond the initial post-pandemic rebound, are projected to sustain Macau's GGR growth into 2025, particularly concerning VIP vs. mass market segments?"},{"label":"Regulatory Impact?","query":"How might Macau's evolving regulatory landscape, including non-gaming diversification mandates, influence the long-term GGR trajectory and operator profitability beyond these forecasts?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777016784","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\/777016784","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=777016784"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016784\/revisions"}],"predecessor-version":[{"id":777016795,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016784\/revisions\/777016795"}],"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=777016784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}