{"id":777017282,"date":"2024-07-16T09:54:48","date_gmt":"2024-07-16T12:54:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017282"},"modified":"2026-04-22T08:08:48","modified_gmt":"2026-04-22T11:08:48","slug":"macau-ggr-reaches-us1-03bn-in-first-14-days-of-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us1-03bn-in-first-14-days-of-july","title":{"rendered":"Macau GGR reaches US$1.03bn in first 14 days of July"},"content":{"rendered":"\n<p>JP Morgan Securities Asia Pacific expects Macau to generate MOP18.5bn (US$2.3bn) in gross gaming revenue this month.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at\u00a0JP Morgan Securities Asia Pacific have estimated that\u00a0Macau\u2019s gross gaming revenue (GGR) for the first 14 days of July was\u00a0MOP$8.30bn (US$1.03bn). The daily run rate was <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us478-8m-in-first-7-days-of-july\" target=\"_blank\" rel=\"noreferrer noopener\">up 15 per cent week-on-week<\/a> from MOP550m to MOP593m.<\/p>\n\n\n\n<p>Analysts DS Kim, Mufan Shi and Selina Li expect casino revenue to gradually increase following the recent conclusion of the UEFA European Championship For the mass market, the current level is between 105 and 110 per cent of pre-Covid-19 levels, while the VIP segment is between the low and mid-20 per cent range.<\/p>\n\n\n\n<p>The analysts said: \u201cThis is a little softer than the trends in Q2, but this is a weekly trend that can be very volatile either way and we wouldn\u2019t read too much into the print just yet.&#8221;<\/p>\n\n\n\n<p>They expect Macau&#8217;s GGR for July to reach MOP18.5bn (US$2.3bn), a figure slightly below the original forecast of MOP19bn due to a \u201cslower start to the month.&#8221;<\/p>\n\n\n\n<p>In June, GGR was MOP17.69bn (US$2.20bn), up 16.4 per cent year-on-year but down&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" rel=\"noreferrer noopener\">12.4 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","protected":false},"excerpt":{"rendered":"<p>JP Morgan Securities Asia Pacific expects Macau to generate MOP18.5bn (US$2.3bn) in gross gaming revenue this month.<\/p>\n","protected":false},"author":176,"featured_media":777011925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities Asia Pacific forecasts Macau's July GGR to reach MOP18.5bn (US$2.3bn), a slight downward revision from initial estimates due to a slower start. The first 14 days of July recorded MOP8.30bn, with mass market GGR exceeding pre-Covid levels while the VIP segment remains significantly lower. Cumulative H1 2024 GGR stands at MOP113.8bn, up 41.9% YoY but still 23.9% below 2019 figures.","focusai_entities":"JP Morgan Securities Asia Pacific, DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"July GGR Outlook","query":"What specific factors contributed to the downward revision of Macau's July GGR forecast from MOP19bn to MOP18.5bn, beyond the 'slower start to the month'?"},{"label":"Segment Performance Analysis","query":"How do the current mass market GGR levels, exceeding pre-Covid-19 figures, and the lagging VIP segment performance impact the long-term strategic diversification efforts of Macau's concessionaires?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017282","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\/777017282","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=777017282"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017282\/revisions"}],"predecessor-version":[{"id":777017299,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017282\/revisions\/777017299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011925"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}