{"id":777017140,"date":"2024-07-11T09:29:53","date_gmt":"2024-07-11T12:29:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017140"},"modified":"2026-04-22T08:16:21","modified_gmt":"2026-04-22T11:16:21","slug":"macau-ggr-to-reach-us29bn-this-year-goldman-sachs-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us29bn-this-year-goldman-sachs-says","title":{"rendered":"Macau GGR to reach US$29bn this year, Goldman Sachs says"},"content":{"rendered":"\n<p>Analysts expect gross gaming revenue to reach 82 per cent of pre-Covid-19 levels.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Goldman Sachs\u00a0has predicted that Macau\u2019s gross gaming revenue (GGR) for 2024 will reach US$29bn. The figure would represent 82 per cent of pre-Covid-19 levels. Meanwhile, property earnings before interest, taxes, depreciation, and amortisation (EBITDA) is expected to be down 4 per cent quarter-on-quarter due to softer June GGR.<\/p>\n\n\n\n<p>Analysts say GGR could rise by 14 per cent year-on-year in the second half of the year, resulting in a daily GGR run-rate of US$79.4m. They suggested the temporary impact of the April-May wealth downturn and Euro 2024 may have affected the city&#8217;s GGR but that historically, Macau&#8217;s GGR tends to fully recover after Euro tournaments in August-September.<\/p>\n\n\n\n<p>They said the crackdown on illicit money exchange businesses has had a negligible impact and should not significantly affect VIP or high-end premium mass-market GGR, as these players typically have their own sources of liquidity. <\/p>\n\n\n\n<p>Macau\u2019s GGR for the first 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<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us478-8m-in-first-7-days-of-july\" rel=\"noreferrer noopener\">Macau GGR reaches US$478.8m in first 7 days of July<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts expect gross gaming revenue to reach 82 per cent of pre-Covid-19 levels.<\/p>\n","protected":false},"author":176,"featured_media":777014930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Goldman Sachs forecasts Macau's 2024 GGR to reach US$29bn, representing 82% of pre-Covid-19 levels, with H1 2024 GGR at US$14.20bn, up 41.9% YoY. Analysts anticipate a 14% YoY GGR increase in H2, projecting full recovery post-Euro 2024, while noting a negligible impact from the crackdown on illicit money exchange on high-end segments.","focusai_entities":"Goldman Sachs","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Drivers","query":"What specific market segments or operational adjustments are expected to drive the projected 14% year-on-year GGR increase in Macau's second half of 2024?"},{"label":"VIP Liquidity Impact","query":"Given the negligible impact of illicit money exchange crackdowns on VIP GGR, what are the primary alternative liquidity channels utilized by high-end premium mass-market players in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017140","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\/777017140","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=777017140"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017140\/revisions"}],"predecessor-version":[{"id":777017172,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017140\/revisions\/777017172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}