{"id":777020484,"date":"2024-11-06T09:32:10","date_gmt":"2024-11-06T12:32:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020484"},"modified":"2026-04-22T04:29:29","modified_gmt":"2026-04-22T07:29:29","slug":"macau-ggr-expected-to-reach-mop18bn-in-november","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-expected-to-reach-mop18bn-in-november","title":{"rendered":"Macau GGR expected to reach MOP18bn in November"},"content":{"rendered":"\n<p>Bank of America Securities expects gross gaming revenue to be up by 12.1 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Bank of America Securities<\/strong> has forecast that&nbsp;Macau\u2019s gross gaming revenue (GGR)&nbsp;will reach MOP18bn (US$2.25bn) in November. That would be a decrease of 13.5 per cent month-on-month but a rise of 12.1 per cent compared to November 2023. It would be 78.6 per cent of the GGR recorded in the same month of 2019, before the Covid-19 pandemic.<\/p>\n\n\n\n<p>As reported by Asia Gaming Brief, November\u2019s GGR typically falls more than 10 per cent from October figures. Last November, <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-down-17-7-in-november\" target=\"_blank\" rel=\"noreferrer noopener\">GGR was down 17.7 per cent month-on-month<\/a>. However, analysts said <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-grand-prix-casinos-cut-sponsorship-budget\" target=\"_blank\" rel=\"noreferrer noopener\">the Macau Grand Prix<\/a> from November 14 to 17, would positively affect GGR figures. They said GGR had performed better than expected in the last month considering the decline in consumer spending in China.\u00a0\u00a0<\/p>\n\n\n\n<p>In October, GGR was&nbsp;MOP20.79bn (US$2.60bn). That\u2019s an increase of 6.6 per cent&nbsp;year-on-year and 20.5 per cent&nbsp;<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 beginning of the Covid-19 pandemic (MOP22.13bn).<\/p>\n\n\n\n<p>The rise in revenue was mainly attributed to the&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-916000-arrivals-during-october-golden-week\" rel=\"noreferrer noopener\">October Golden Week holiday<\/a>, a seven-day public holiday in Mainland China, which brought&nbsp;<strong>916,000 visitors<\/strong>&nbsp;to Macau. The Macau Hoteliers and Innkeepers Association&nbsp;reported at the time that the city\u2019s average&nbsp;hotel occupancy rate had peaked at 95 per cent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CICC forecasts 5% growth for GGR in Q4<\/h2>\n\n\n\n<p>China International Capital Corporation Hong Kong Securities (CICC) has projected that&nbsp;<strong>Macau\u2019s GGR&nbsp;<\/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.<\/p>\n\n\n\n<p>Analysts<strong>&nbsp;Shengyong Goh<\/strong>,&nbsp;<strong>Jiayu Wang&nbsp;<\/strong>and<strong>&nbsp;Liwei Hou<\/strong>&nbsp;said&nbsp;the 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. They noted that the final quarter benefited from a strong October Golden Week, the seven-day holiday period which saw&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-916000-arrivals-during-october-golden-week\" rel=\"noreferrer noopener\">916,000 visitors in the city<\/a>. Consumer confidence is also projected to strengthen, supported by a series of stimulus policies introduced by the Chinese government.<\/p>\n\n\n\n<p>The analysts mentioned that&nbsp;<strong>non-gaming events&nbsp;<\/strong>might have contributed to boosting the number of visitors. Operators are hosting non-gaming events, such as concerts, residency shows, sports events, and art exhibitions, more frequently. In the current quarter, analysts expect concerts from Andy Lau and Dao Lang, as well as UFC Fight Night, to be particularly attractive.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America Securities expects gross gaming revenue to be up by 12.1 per cent year-on-year.<\/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":"Bank of America Securities forecasts Macau's November Gross Gaming Revenue (GGR) to reach MOP18bn (US$2.25bn), marking a 12.1% year-on-year increase despite a monthly decline. China International Capital Corporation (CICC) projects a 5% year-on-year GGR growth for Q4, driven by renminbi appreciation, Chinese stimulus policies, and non-gaming events.","focusai_entities":"Bank of America Securities, Asia Gaming Brief, CICC, China International Capital Corporation Hong Kong Securities, Macau Hoteliers and Innkeepers Association, Shengyong Goh, Jiayu Wang, Liwei Hou, Andy Lau, Dao Lang, UFC Fight Night","focusai_location":"Macau, China, Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Sustainability?","query":"Given the reliance on Golden Week and non-gaming events, what is the projected sustainability of Macau's GGR growth trajectory in H1 2024 without similar catalysts?"},{"label":"Capital Allocation Impact?","query":"How do the projected GGR figures for Macau impact the capital allocation strategies of integrated resort operators, particularly concerning non-gaming investment versus gaming floor expansion?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777020484","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\/777020484","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=777020484"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020484\/revisions"}],"predecessor-version":[{"id":777020514,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020484\/revisions\/777020514"}],"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=777020484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}