{"id":777020567,"date":"2024-11-08T09:29:31","date_gmt":"2024-11-08T12:29:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020567"},"modified":"2026-04-22T04:24:48","modified_gmt":"2026-04-22T07:24:48","slug":"galaxy-entertainment-market-share-to-grow-in-q4-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-market-share-to-grow-in-q4-analysts-say","title":{"rendered":"Galaxy Entertainment market share to grow in Q4, analysts say"},"content":{"rendered":"\n

Analysts expect Galaxy Entertainment Group’s market share to grow due to non-gaming events.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at Seaport Research Partners<\/strong> have predicted that Galaxy Entertainment Group’s market share in Macau will grow in the fourth quarter of the year mainly due to non-gaming events. According to analysts, the\u00a0October Golden Week holiday<\/a>, which brought\u00a0916,000 visitors<\/strong>\u00a0to Macau, played a significant role, with visitor numbers at Galaxy Macau almost doubling and the mass drop showing 50 per cent annual growth. <\/p>\n\n\n\n

Analysts indicated that enhanced marketing strategies and smart casino tables<\/a> will also support Galaxy\u2019s position, potentially driving market share growth in the fourth quarter and in 2025. However, analysts said the casino operator’s market share fell by 40 basis points sequentially to 18.7 per cent compared in the third quarter of the year<\/a>. <\/p>\n\n\n\n

Macau GGR expected to reach MOP18bn in November<\/h2>\n\n\n\n

Bank of America Securities<\/strong> has forecast that Macau\u2019s gross gaming revenue (GGR) 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

In October, GGR was MOP20.79bn (US$2.60bn). That\u2019s an increase of 6.6 per cent year-on-year and 20.5 per cent 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

The rise in revenue was mainly attributed to the October Golden Week holiday<\/a>, a seven-day public holiday in Mainland China, which brought 916,000 visitors<\/strong> to Macau. The Macau Hoteliers and Innkeepers Association reported at the time that the city\u2019s average hotel occupancy rate had peaked at 95 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts expect Galaxy Entertainment Group’s market share to grow due to non-gaming events.<\/p>\n","protected":false},"author":176,"featured_media":16790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts project Galaxy Entertainment Group's market share in Macau to expand in Q4 and 2025, primarily driven by non-gaming events, enhanced marketing, and smart casino tables, despite a sequential Q3 decline. Concurrently, Macau's November GGR is forecast at MOP18bn, reflecting a post-Golden Week normalization but a significant year-on-year increase, nearing pre-pandemic levels.","focusai_entities":"Galaxy Entertainment Group, Seaport Research Partners, Bank of America Securities, Macau Hoteliers and Innkeepers Association","focusai_location":"Macau, Mainland China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), marketing_crm (0.85), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Impact Analysis","query":"What specific non-gaming events and marketing strategies are driving Galaxy Entertainment Group's projected market share growth, and how sustainable is this diversification trend for Macau's overall GGR?"},{"label":"Macau GGR Outlook","query":"Given the November GGR forecast and the sequential decline post-Golden Week, what are the key macroeconomic factors and regulatory considerations influencing Macau's GGR trajectory into 2025, particularly concerning mass market recovery versus VIP segment performance?"}],"footnotes":""},"categories":[157,16338],"tags":[22935],"class_list":["post-777020567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020567","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=777020567"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020567\/revisions"}],"predecessor-version":[{"id":777020580,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020567\/revisions\/777020580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16790"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}