{"id":777017932,"date":"2024-08-07T08:32:50","date_gmt":"2024-08-07T11:32:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017932"},"modified":"2026-04-22T07:23:18","modified_gmt":"2026-04-22T10:23:18","slug":"macau-ggr-reaches-us311-3m-in-first-4-days-of-august-citigroup-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us311-3m-in-first-4-days-of-august-citigroup-says","title":{"rendered":"Macau GGR reaches US$311.3m in first 4 days of August, Citigroup says"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Citigroup says&nbsp;daily average gross gaming revenue was MOP625m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Analysts at\u00a0Citigroup have estimated that\u00a0Macau\u2019s gross gaming revenue (GGR) for the first four days of August was\u00a0MOP$2.5bn (US$311.3m) with a run-rate of MOP$625m (US$77.5m) per day. That&#8217;s a rise of 7 per cent when compared to the final ten days of July (MOP585m per day).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Citigroup, VIP gambling daily volumes were approximately 3-5 per cent lower month-on-month, while mass play volumes were around 2-4 per cent higher. The VIP hold rate appears to be slightly above normal. It has maintained its August casino GGR forecast at MOP20bn (US$2.48bn), 82 per cent of the same month in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts suggested that visitor volume received a boost from the summer holidays, referencing a briefing by Macau&#8217;s Public Security Police, which highlighted <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-sets-new-record-for-daily-arrivals-and-departures\" target=\"_blank\" rel=\"noreferrer noopener\">a record single-day visitor<\/a> throughput of 710,000 on Saturday, August 3. Macau&#8217;s inbound visitor arrivals for the year-to-date have surpassed 20 million, reaching the milestone two months earlier than in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Macau&#8217;s July casino GGR was MOP18.59bn (US$2.31bn), up 5 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-16-4-year-on-year-in-june\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month<\/a>\u00a0and 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","protected":false},"excerpt":{"rendered":"<p>Citigroup says&nbsp;daily average gross gaming revenue was MOP625m.<\/p>\n","protected":false},"author":176,"featured_media":777014793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Citigroup analysts estimate Macau's Gross Gaming Revenue (GGR) for the first four days of August at MOP$2.5bn, with a daily run-rate of MOP$625m, marking a 7% increase from late July. While VIP volumes saw a slight month-on-month decrease, mass play volumes increased, supported by a surge in summer holiday visitors. Citigroup maintains its August GGR forecast at MOP20bn, representing 82% of 2019 levels.","focusai_entities":"Citigroup, Macau's Public Security Police","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 (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Revision?","query":"Given the strong early August GGR performance and visitor volumes, what is the likelihood of Citigroup or other sell-side analysts revising their full-month August GGR forecasts upwards?"},{"label":"VIP vs. Mass Trends?","query":"How sustainable are the observed shifts in VIP versus mass market play volumes, and what implications do these trends have for operator revenue diversification strategies in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017932","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\/777017932","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=777017932"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017932\/revisions"}],"predecessor-version":[{"id":777017963,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017932\/revisions\/777017963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014793"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}