Gross gaming revenue was up 5 per cent when compared to June.<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Gaming Inspection and Coordination Bureau has reported that Macau\u2019s gross gaming revenue (GGR) for July was MOP18.59bn (US$2.31bn). That\u2019s an increase of 5 per cent\u00a0month-on-month<\/a> and 11.6 per cent in year-on-year terms. Compared to the same month in 2019, the figure was down by 24 per cent.<\/p>\n\n\n\n While July’s results were strong, they fell short of the record MOP20.19bn (US$2.51bn) recorded in May, which saw the best monthly performance since January 2023, when borders reopened after the Covid-19 pandemic. Cumulatively, Macau\u2019s GGR for the first seven months of 2024 was MOP132.34bn (US$16.44bn), up 36.7 per cent year-on-year but 24 per cent below the same period in 2019.<\/p>\n\n\n\n Seaport Research Partners<\/a>\u00a0has forecast that Macau\u2019s GGR will grow by 26 per cent year-on-year in 2024 and by 10 per cent in 2025 while CreditSights<\/a>, a division of the Fitch Group, has predicted that Macau\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":" Gross gaming revenue was up 5 per cent when compared to June.<\/p>\n","protected":false},"author":176,"featured_media":21526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's July GGR reached MOP18.59bn (US$2.31bn), marking a 5% month-on-month and 11.6% year-on-year increase, though remaining 24% below 2019 levels. Cumulative GGR for the first seven months of 2024 stands at MOP132.34bn (US$16.44bn), up 36.7% year-on-year, with industry forecasts from Seaport Research Partners and CreditSights projecting significant GGR growth for 2024 and 2025.","focusai_entities":"Gaming Inspection and Coordination Bureau, Seaport Research Partners, CreditSights, Fitch Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP vs Mass GGR?","query":"What is the breakdown of July's GGR between the VIP and mass market segments, and how does this inform the sustainability of the recovery trajectory?"},{"label":"Regulatory Impact?","query":"How might potential shifts in regulatory policy or licensing frameworks in Macau impact the projected GGR growth for 2024 and 2025?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777017769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017769","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=777017769"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017769\/revisions"}],"predecessor-version":[{"id":777017797,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017769\/revisions\/777017797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21526"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}