{"id":777017467,"date":"2024-07-23T09:40:32","date_gmt":"2024-07-23T12:40:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017467"},"modified":"2026-04-22T07:54:34","modified_gmt":"2026-04-22T10:54:34","slug":"macau-ggr-reaches-us1-59bn-in-first-21-days-of-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us1-59bn-in-first-21-days-of-july","title":{"rendered":"Macau GGR reaches US$1.59bn in first 21 days of July"},"content":{"rendered":"\n<p>JP Morgan Securities Asia Pacific says\u00a0daily average gross gaming revenue was MOP607m (US$75.4m).<\/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 21 days of July was\u00a0MOP$12.75bn (US$1.59bn) with a run-rate of MOP$607m (US$75.4m) per day. According to analysts, the GGR run-rate was MOP635m (US$78.9m) a day, higher than the MOP550m (US$68.3m) a day recorded in the first week of the month.<\/p>\n\n\n\n<p>Analysts <strong>DS Kim<\/strong>, <strong>Mufan Shi<\/strong> and<strong> Selina Li<\/strong> maintain their forecasts for Macau\u2019s GGR for July to reach MOP18.5bn (US$2.3bn), which would represent 76 per cent of the same month in 2019. JP Morgan projects that mass GGR month-to-date is approximately 110 per cent of the level before Covid-19, whereas VIP is running at around 25 per cent.<\/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\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/creditsights-expects-macau-ggr-to-reach-us28bn-this-year\" rel=\"noreferrer noopener\">CreditSights expects Macau GGR to reach US$28bn this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP Morgan Securities Asia Pacific says\u00a0daily average gross gaming revenue was MOP607m (US$75.4m).<\/p>\n","protected":false},"author":176,"featured_media":21514,"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 estimates Macau's GGR for the first 21 days of July at MOP$12.75bn, with a daily run-rate of MOP$607m, showing an increase from the first week. Analysts maintain their July GGR forecast at MOP18.5bn, representing 76% of 2019 levels, driven by mass GGR exceeding pre-pandemic figures while VIP remains significantly lower. H1 2024 GGR reached MOP113.8bn, up 41.9% year-on-year but still 23.9% below 2019.","focusai_entities":"JP Morgan Securities Asia Pacific, DS Kim, Mufan Shi, Selina Li, CreditSights","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass GGR Sustainability?","query":"What are the underlying drivers sustaining Macau's mass GGR above pre-pandemic levels, and what are the long-term projections for this segment's growth trajectory given the ongoing VIP contraction?"},{"label":"VIP Segment Recovery?","query":"What specific market conditions or policy shifts would be required to stimulate a more robust recovery in Macau's VIP gaming segment, which currently lags significantly behind 2019 levels?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017467","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\/777017467","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=777017467"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017467\/revisions"}],"predecessor-version":[{"id":777017498,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017467\/revisions\/777017498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21514"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}