{"id":777019129,"date":"2024-09-18T09:49:54","date_gmt":"2024-09-18T12:49:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019129"},"modified":"2026-04-22T06:00:02","modified_gmt":"2026-04-22T09:00:02","slug":"macau-casinos-ggr-to-reach-us2-12bn-in-september-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-ggr-to-reach-us2-12bn-in-september-analysts-say","title":{"rendered":"Macau casinos: GGR to reach US$2.12bn in September, analysts say"},"content":{"rendered":"\n

Citigroup says GGR for the first 15 days of the month stood at MOP8.5bn (US$1.06bn).<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at\u00a0J.P. Morgan have forecast that Macau’s gross gaming revenue (GGR) will reach MOP17bn (US$2.12bn) in September. That would mean a daily run-rate of MOP566m (US$70.55m).<\/p>\n\n\n\n

According to analysts, GGR for the first 15 days of the month reached MOP8.5bn (US$1.06bn), but the run-rate for last week decreased from MOP593m (US$73.96m) per day to MOP535m (US$66.71m).<\/p>\n\n\n\n

DS Kim, Mufan Shi and Selina Li estimate mass GGR to be running at 105-110 per cent of pre-Covid-19 levels, while VIP levels are at low\/mid-20 per cent. They said they expect GGR for the third quarter to be “flattish” sequentially and “below historical seasonality of +2-3 per cent q\/q”.<\/p>\n\n\n\n

Cumulatively, Macau\u2019s GGR for the first eight months of 2024 was MOP152.10bn (US$19.92bn), up 33.4 per cent year-on-year but 23.3 per cent below the same period in 2019 (US$24.66bn).<\/p>\n\n\n\n

In August, Macau casinos generated MOP19.75bn (US$2.46bn) in GGR. The figure was up 14.8 per cent year-on-year and 6.2 per cent\u00a0sequentially<\/a>. The daily average was MOP637m (US$79.41m). It was the second-best monthly tally of the year\u00a0after May<\/a> but was down by 18.6 per cent compared to August 2019.<\/p>\n\n\n\n

Sam Hou Fai meets with Macau casinos bosses<\/h2>\n\n\n\n

Sam Hou Fai<\/strong>, the only candidate for the position of chief executive (CE) in Macau<\/a>, met on Thursday (September 12) with leaders of the city\u2019s six casino concessionaires. Discussions revolved around the status of the industry and strategies to transform Macau into a global tourism and leisure hub.<\/p>\n\n\n\n

During the meeting, Hou Fai praised the contributions made to Macau\u2019s socio-economic development and encouraged operators to ensure the industry continues to develop in \u201ca healthy, orderly and sustainable development in accordance with the law.\u201d<\/p>\n\n\n\n

Hou Fai also urged casino operators to continue promoting an \u201cadequate diversification\u201d of the city\u2019s economy. The former judge has previously said diversification was essential for the city\u2019s development<\/a> and that despite driving rapid development since 1999, gaming has led to imbalances in the economy and workforce.<\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup says GGR for the first 15 days of the month stood at MOP8.5bn (US$1.06bn).<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"J.P. Morgan forecasts Macau's September GGR to reach MOP17bn, with mass GGR exceeding pre-Covid levels while VIP remains significantly lower. Concurrently, Macau's Chief Executive candidate, Sam Hou Fai, met with the six casino concessionaires to discuss industry development, regulatory compliance, and economic diversification strategies, emphasizing sustainable growth and reducing economic imbalances.","focusai_entities":"Citigroup, J.P. Morgan, DS Kim, Mufan Shi, Selina Li, Sam Hou Fai, Macau's six casino concessionaires","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Revisions?","query":"Given the recent decrease in Macau's daily GGR run-rate, how might J.P. Morgan's September forecast of MOP17bn be revised, and what are the key drivers impacting this trajectory?"},{"label":"Diversification Impact?","query":"What specific policy initiatives or regulatory frameworks are anticipated to emerge from Sam Hou Fai's administration to enforce 'adequate diversification' and reduce Macau's economic reliance on gaming?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777019129","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\/777019129","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=777019129"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019129\/revisions"}],"predecessor-version":[{"id":777019161,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019129\/revisions\/777019161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}