GGR was up 15.5 per cent in year-on-year terms but down 12.7 per cent sequentially.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Gaming Inspection and Coordination Bureau has reported that Macau\u2019s gross gaming revenue (GGR) for September was MOP17.25bn (US$2.15bn). The figure was up 15.5 per cent year-on-year but down 12.7 per cent compared to the previous month<\/a>. It was the lowest monthly tally of the year and was also down by 21.8 per cent compared to September 2019, before the Covid-19 pandemic.<\/p>\n\n\n\n According to analysts, the city’s casino and tourism sectors were disrupted by the passage of super typhoon Yagi. Cumulatively, Macau\u2019s GGR for the first nine months of 2024 was MOP169.3bn (US$21bn), up 31.3 per cent year-on-year but below the same period in 2019 (US$27.4bn).<\/p>\n\n\n\n See also:<\/strong> Macau casinos: gaming taxes reach US$7.33bn in first 8 months of the year<\/a><\/p>\n\n\n\n Citigroup<\/a> has suggested that GGR for October may reach MOP20.5bn (US$2.56bn)<\/strong>. That’s an increase of 5 per cent in year-on-year terms and 19 per cent sequentially. The report highlights optimistic expectations for the National Day Golden Week, with GGR anticipated to average around MOP900m (US$112m) per day during the holiday period, aligning closely with the run rates observed during this year\u2019s Chinese New Year and Labor Day holidays.<\/p>\n\n\n\n Seaport Research Partners<\/a> has 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, a 24 per cent year-over-year increase and 75-80 per cent of 2019 levels.<\/p>\n","protected":false},"excerpt":{"rendered":" GGR was up 15.5 per cent in year-on-year terms but down 12.7 per cent sequentially.<\/p>\n","protected":false},"author":176,"featured_media":17661,"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 September GGR reached MOP17.25bn (US$2.15bn), marking a 15.5% year-on-year increase but a 12.7% sequential decline, attributed partly to Typhoon Yagi, and remaining 21.8% below September 2019 levels. Cumulative GGR for the first nine months of 2024 stands at MOP169.3bn (US$21bn), up 31.3% YoY but still below 2019 figures. Analysts project positive GGR growth for October and the full years 2024 and 2025, driven by anticipated strong performance during the National Day Golden Week.","focusai_entities":"Gaming Inspection and Coordination Bureau, Citigroup, Seaport Research Partners, CreditSights, Fitch Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook","query":"Considering the sequential GGR decline in September and the impact of Typhoon Yagi, what specific operational adjustments are Macau concessionaires implementing to capitalize on the projected National Day Golden Week uplift and mitigate Q4 volatility?"},{"label":"Pre-Pandemic Recovery Trajectory","query":"Beyond the reported GGR figures, what qualitative and quantitative factors are influencing Macau's trajectory towards pre-pandemic GGR levels, particularly concerning VIP segment recovery versus mass market growth and non-gaming diversification?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777019532","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\/777019532","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=777019532"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019532\/revisions"}],"predecessor-version":[{"id":777019553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019532\/revisions\/777019553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}