{"id":777017106,"date":"2024-07-10T09:16:30","date_gmt":"2024-07-10T12:16:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017106"},"modified":"2026-04-22T08:17:53","modified_gmt":"2026-04-22T11:17:53","slug":"macau-ggr-reaches-us478-8m-in-first-7-days-of-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us478-8m-in-first-7-days-of-july","title":{"rendered":"Macau GGR reaches US$478.8m in first 7 days of July"},"content":{"rendered":"\n

Citigroup expects July GGR to reach MOP19bn (US$2.35bn).<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at\u00a0Citigroup have estimated that\u00a0Macau\u2019s gross gaming revenue (GGR) for the first 7 days of July was\u00a0MOP3.85bn (US$478.8m). The daily run rate was down 12 per cent week-on-week, from MOP628m (US$78.32m) to MOP550m (US$68.51m).<\/p>\n\n\n\n

With these figures, analysts expect Macau’s July GGR to reach MOP19bn (US$2.35bn) or about 78 per cent of pre-Covid-19 levels. Analysts George Choi and Ryan Cheung said business is currently slow but is expected to improve around mid-July. They predicted that quarterly EBITDA will decrease by about 5 per cent quarter-on-quarter to US$1.95bn. The figure would be up about 18 per cent year-on-year.<\/p>\n\n\n\n

In June, GGR was MOP17.69bn (US$2.20bn), up 16.4 per cent year-on-year but down\u00a012.4 per cent month-on-month<\/a>. Cumulatively, Macau\u2019s GGR for the half of 2024 was MOP113.8bn (US$14.20bn), up 41.9 per cent year-on-year but 23.9 per cent below the same period in 2019. <\/p>\n\n\n\n

See also: <\/strong>Macau gaming tax revenue up 67.2% in H1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup expects July GGR to reach MOP19bn (US$2.35bn).<\/p>\n","protected":false},"author":176,"featured_media":22524,"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 projects Macau's July GGR to reach MOP19bn, or 78% of pre-Covid levels, despite a slow start in the first week with a 12% week-on-week daily run rate decline. This forecast follows a 12.4% month-on-month GGR decrease in June and an anticipated 5% QoQ decrease in quarterly EBITDA, though H1 2024 GGR shows significant 41.9% YoY growth.","focusai_entities":"Citigroup, George Choi, Ryan Cheung","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific factors are contributing to the anticipated mid-July GGR improvement in Macau, and how might these mitigate the observed week-on-week daily run rate decline?"},{"label":"EBITDA Projections Impact","query":"Given the projected 5% QoQ EBITDA decrease, what are the underlying cost pressures or revenue mix shifts impacting operator profitability despite the strong H1 YoY GGR growth?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017106","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\/777017106","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=777017106"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017106\/revisions"}],"predecessor-version":[{"id":777017128,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017106\/revisions\/777017128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22524"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}