{"id":777020352,"date":"2024-11-01T09:49:55","date_gmt":"2024-11-01T12:49:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020352"},"modified":"2026-04-22T04:35:45","modified_gmt":"2026-04-22T07:35:45","slug":"macau-casino-ggr-reaches-us2-60bn-in-october","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-ggr-reaches-us2-60bn-in-october","title":{"rendered":"Macau casino GGR reaches US$2.60bn in October"},"content":{"rendered":"\n<p>The month saw the highest gross gaming revenue since January 2020.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The\u00a0<strong>Gaming Inspection and Coordination Bureau<\/strong> has reported that Macau\u2019s gross gaming revenue (GGR) for October was\u00a0MOP20.79bn (US$2.60bn). That\u2019s an increase of 6.6 per cent\u00a0year-on-year and 20.5 per cent <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-ggr-reaches-us2-15bn-in-september\" target=\"_blank\" rel=\"noreferrer noopener\">compared to the previous month<\/a>. It was the city\u2019s best monthly performance since January 2020 at the very beginning of the Covid-19 pandemic (MOP22.13bn).<\/p>\n\n\n\n<p>The rise in revenue was mainly attributed to the <a href=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-916000-arrivals-during-october-golden-week\" target=\"_blank\" rel=\"noreferrer noopener\">October Golden Week holiday<\/a>, a seven-day public holiday in Mainland China, which brought <strong>916,000 visitors<\/strong> to Macau. The Macau Hoteliers and Innkeepers Association\u00a0reported at the time that the city\u2019s average\u00a0hotel occupancy rate had peaked at 95 per cent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">JP Morgan: mass-market GGR up 6.6 per cent.<\/h2>\n\n\n\n<p>Analysts at <strong>JP Morgan Securities (Asia Pacific)<\/strong>\u00a0have reported that Macau&#8217;s mass-market gross gaming revenue (GGR), including slots, reached MOP18.48bn (US$2.31bn). That&#8217;s an increase of 6.6 per cent in year-on-year terms and 112.5 per cent of the October 2019 level (MOP16.42bn).<\/p>\n\n\n\n<p>Analysts<strong> DS Kim<\/strong>, <strong>Mufan Shi<\/strong>, and<strong> Selina Li <\/strong>said October figures looked &#8220;pretty impressive to us, considering headwinds from weak macro and consumer sentiment.\u201d They projected that GGR for the fourth quarter would increase despite a potentially weaker-than-usual December due to Chinese president Xi Jinping&#8217;s expected to visit Macau to commemorate the 25th anniversary of the city&#8217;s return to China.<\/p>\n\n\n\n<p>China International Capital Corporation Hong Kong Securities (CICC) has projected that\u00a0<strong>Macau\u2019s gross gaming revenue (GGR)\u00a0<\/strong>for the fourth quarter of the year will rise 5 per cent in year-on-year terms and 4 per cent compared to the third quarter. Analysts<strong>\u00a0Shengyong Goh<\/strong>,\u00a0<strong>Jiayu Wang\u00a0<\/strong>and<strong>\u00a0Liwei Hou<\/strong>\u00a0said\u00a0the growth would be driven by the appreciation of the renminbi against the Hong Kong dollar, which is expected to attract more visitors and increase their spending capacity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fitch ratings expects Macau GDP to rise 15% this year<\/h2>\n\n\n\n<p><strong>Fitch Ratings<\/strong>\u00a0has forecast that Macau\u2019s gross domestic product (GDP) will grow by <strong>15 per cent this year and 8 per cent in 2025<\/strong> amid the resurgence of the gaming tourism sector. It said the sector would be boosted by travel policy adjustments that favour tourism between Macau and Hengqin Island allowing mainland residents with a business visa to stay for up to 14 rather than seven days.<\/p>\n\n\n\n<p>Fitch reaffirmed <strong>Macau\u2019s long-term foreign-currency issuer default rating at AA<\/strong>, with a stable outlook highlighting the city\u2019s \u201cexceptionally strong public and external finances, and demonstrated fiscal prudence even during periods of economic and gaming revenue shocks.\u201d It noted however that the continued reliance on gaming tourism from mainland China remains a risk, given the potential influence of policy changes affecting tourism.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-25-9m-visitors-in-first-nine-months-of-the-year\" rel=\"noreferrer noopener\">Tourism in Macau: 25.9m visitors in first nine months of the year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The month saw the highest gross gaming revenue since January 2020.<\/p>\n","protected":false},"author":176,"featured_media":16856,"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 October Gross Gaming Revenue (GGR) reached MOP20.79bn (US$2.60bn), marking its highest performance since January 2020, primarily driven by the Golden Week holiday. Analysts project continued Q4 GGR growth, with Fitch Ratings forecasting 15% GDP growth for Macau in 2023, underpinned by a resurgent gaming tourism sector. The market's reliance on mainland China tourism and potential policy shifts remains a key risk factor for stakeholders.","focusai_entities":"Gaming Inspection and Coordination Bureau, Macau Hoteliers and Innkeepers Association, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Selina Li, Xi Jinping, China International Capital Corporation Hong Kong Securities (CICC), Shengyong Goh, Jiayu Wang, Liwei Hou, Fitch Ratings","focusai_location":"Macau, Mainland China, Hong Kong, Hengqin Island","focusai_target_profile":"ceo_executive (0.95), regulator (0.8), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Projections?","query":"Considering the Golden Week surge and the anticipated impact of President Xi Jinping's December visit, what are the revised GGR projections for Macau's Q4, and how might this influence operator dividend policies or capital allocation?"},{"label":"Diversification Strategy?","query":"Beyond the current tourism policy adjustments, what specific regulatory or governmental initiatives are being explored to mitigate Macau's GGR reliance on mainland China, particularly in light of potential future policy shifts?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777020352","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\/777020352","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=777020352"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020352\/revisions"}],"predecessor-version":[{"id":777020385,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020352\/revisions\/777020385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}