JP Morgan Securities (Asia Pacific) says daily average gross gaming revenue was MOP846m (US$106.78m).<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts at\u00a0JP Morgan Securities (Asia Pacific)\u00a0have estimated that\u00a0Macau\u2019s gross gaming revenue (GGR)<\/strong> for the first 13 days of October was\u00a0MOP11.0bn (US$1.37bn). The estimated GGR run rate was MOP846m (US$106.78m) a day.<\/p>\n\n\n\n Analysts DS Kim<\/strong>, Mufan Shi <\/strong>and Selina Li <\/strong>said that, despite a slowdown following the October Golden Week holiday period<\/a>, last week’s daily run-rate was MOP643m (US$80.33m) per day, up 10 per cent when compared to September (MOP575m) and on par with August.<\/p>\n\n\n\n October\u2019s GGR is\u00a0expected to reach MOP22bn (US$2.74bn), with a daily run rate of more than MOP700m (US$87.91m). That would surpass previous market prediction of MOP20bn (US$2.49bn) to MOP21bn (US$2.61bn).<\/p>\n\n\n\n The Financial Services Bureau<\/strong> has reported that Macau collected MOP66.40bn (US$8.31bn) in taxes from casino operations in the first nine months of the year. The figure was up 45.1 per cent when compared to the same period last year.<\/p>\n\n\n\n In September, the Macau government collected MOP7.62bn (US$952m). That\u2019s a 6.4 per cent rise compared to the preceding month. GGR for the month<\/a> 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 the 2024 budget plan, the government aims to collect MOP83.61bn (US$10.4bn) in gaming tax this year. In 2023, Macau collected MOP65.26bn (US$8.11bn), surpassing the budgeted amount by 28.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":" JP Morgan Securities (Asia Pacific) says daily average gross gaming revenue was MOP846m (US$106.78m).<\/p>\n","protected":false},"author":176,"featured_media":32940,"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 October GGR for the first 13 days at MOP11.0bn, with a projected full-month GGR of MOP22bn, surpassing prior market expectations. Concurrently, Macau's gaming tax collection reached MOP66.40bn in the first nine months, a 45.1% year-on-year increase, indicating robust sector recovery and strong fiscal performance against budgeted targets.","focusai_entities":"JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Financial Services Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Drivers","query":"What specific gaming verticals or customer segments are primarily driving Macau's GGR growth beyond the Golden Week period, and how sustainable are these trends for long-term market stability?"},{"label":"Tax Revenue Impact","query":"How will the projected MOP22bn October GGR impact Macau's full-year gaming tax collection relative to the MOP83.61bn 2024 budget target, and what are the implications for government fiscal policy and public spending?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777019891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019891","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=777019891"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019891\/revisions"}],"predecessor-version":[{"id":777019927,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019891\/revisions\/777019927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Gaming taxes reach US$8.31bn in first 9 months of the year<\/h2>\n\n\n\n