{"id":777017399,"date":"2024-07-19T09:37:56","date_gmt":"2024-07-19T12:37:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017399"},"modified":"2026-04-22T07:59:48","modified_gmt":"2026-04-22T10:59:48","slug":"creditsights-expects-macau-ggr-to-reach-us28bn-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/creditsights-expects-macau-ggr-to-reach-us28bn-this-year","title":{"rendered":"CreditSights expects Macau GGR to reach US$28bn this year"},"content":{"rendered":"\n<p>Analysts expect Macau&#8217;s GGR to reach 75-80 per cent of 2019 levels.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- CreditSights, a division of the Fitch Group, has predicted that Macau&#8217;s gross gaming revenue (GGR) will reach around US$28bn this year, representing a  24 per cent year-over-year increase and 75-80 per cent of 2019 levels. It sees MGM China as &#8220;the primary beneficiary of the post-Covid-19 period,&#8221; partially due to an increased allocation of table games.<\/p>\n\n\n\n<p>&#8220;Although the GGR improvements compared to 2019 have moderated, we project incremental growth driven by slight upticks in visitation and consistent spending per visitor,&#8221; it said.<\/p>\n\n\n\n<p>The firm has revised downwards its projections for<strong> Wynn Macau<\/strong>, noting that the yield difference on Wynn Macau bonds in comparison to MGM China&#8217;s has narrowed from pre-pandemic levels, despite Wynn Macau having a weaker market share and a longer journey to leverage recovery.<\/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 href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">12.4 per cent month-on-month<\/a>. Cumulatively, <strong>Macau\u2019s GGR for the half of 2024 was MOP113.8bn (US$14.20bn)<\/strong>, 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>In the same period, <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-h1-visitor-numbers-reach-16-73m\" rel=\"noreferrer noopener\">the city welcomed 16.73 million visitors<\/a>. The figure was up by 43.6 per cent compared to the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts expect Macau&#8217;s GGR to reach 75-80 per cent of 2019 levels.<\/p>\n","protected":false},"author":176,"featured_media":22428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CreditSights projects Macau's 2024 Gross Gaming Revenue (GGR) to reach US$28bn, representing 75-80% of 2019 levels, driven by increased visitation and consistent spending per visitor. MGM China is identified as a primary beneficiary due to enhanced table game allocation, while Wynn Macau faces a longer leverage recovery despite narrowing bond yield differences. Recent GGR figures show strong year-on-year growth but a month-on-month decline in June.","focusai_entities":"CreditSights, Fitch Group, MGM China, Wynn Macau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR recovery drivers?","query":"What specific non-visitation factors, such as VIP vs. mass market mix or premium mass growth, are CreditSights factoring into their GGR recovery projections for Macau?"},{"label":"Operator competitive advantage?","query":"Beyond table game allocation, what operational or strategic advantages position MGM China as the primary beneficiary in Macau's post-COVID recovery compared to its peers?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017399","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\/777017399","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=777017399"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017399\/revisions"}],"predecessor-version":[{"id":777017417,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017399\/revisions\/777017417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22428"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}