{"id":777020679,"date":"2024-11-13T09:43:59","date_gmt":"2024-11-13T12:43:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020679"},"modified":"2026-04-22T04:15:04","modified_gmt":"2026-04-22T07:15:04","slug":"macau-daily-ggr-reaches-us71-2m-in-first-10-days-of-november-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-daily-ggr-reaches-us71-2m-in-first-10-days-of-november-analysts-say","title":{"rendered":"Macau daily GGR reaches US$71.2m in first 10 days of November, analysts say"},"content":{"rendered":"\n<p>Analysts at Citigroup say GGR was up by 1 per cent compared to the daily average for the last 11 days of October.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at Citigroup have reported that <strong>Macau\u2019s gross gaming revenue (GGR) <\/strong>averaged MOP570m (US$71.2m) per day over the first ten days of November. That&#8217;s a rise of 1 per cent compared to the final 11 days of October.<\/p>\n\n\n\n<p>According to analysts,\u00a0casino GGR was around MOP5.7bn (US$712m), down from the same period last month due to\u00a0<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>, which brought\u00a0<strong>916,000 visitors<\/strong>\u00a0to Macau. VIP volume was down 15 per cent month-on-month drop and mass 13 to 15 per cent.<\/p>\n\n\n\n<p>Citi has maintained its GGR projection for November at MOP18bn (US$2.2bn). This would signify be 79 per cent of the same month in 2019 and would mean a daily run rate of MOP615m (US$76.9m) for the remainder of the month.<\/p>\n\n\n\n<p>Maria Helena de Senna Fernandes, the director of the Macao Government Tourism Office (MGTO), has suggested that the <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-grand-prix-casinos-cut-sponsorship-budget\" target=\"_blank\" rel=\"noreferrer noopener\">upcoming Macau Grand Prix <\/a>from November 14 to 17 could attract more than 400,000 visitors, which would be approximately 70 per cent of the 142,000 daily average during the October Golden Week.<\/p>\n\n\n\n<p><strong>Bank of America Securities<\/strong>\u00a0has forecast that\u00a0Macau\u2019s GGR\u00a0will 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>GGR for October was\u00a0MOP20.79bn (US$2.60bn), an increase of 6.6 per cent\u00a0year-on-year and 20.5 per cent\u00a0<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 (MOP22.13bn).<\/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\u00a0<strong>Macau\u2019s 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> Shengyong Goh<\/strong>,\u00a0<strong>Jiayu Wang\u00a0<\/strong>and<strong> Liwei Hou<\/strong> said\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","protected":false},"excerpt":{"rendered":"<p>Analysts at Citigroup say GGR was up by 1 per cent compared to the daily average for the last 11 days of October.<\/p>\n","protected":false},"author":176,"featured_media":21513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Citigroup analysts report Macau's early November GGR averaged MOP570m daily, a 1% increase from late October, with a MOP18bn projection for the full month. Despite a month-on-month decline in VIP and mass segments post-Golden Week, the Macau Grand Prix and renminbi appreciation are cited as potential growth drivers. Bank of America Securities and CICC also provide GGR forecasts, indicating a robust Q4 outlook for the jurisdiction.","focusai_entities":"Citigroup, Maria Helena de Senna Fernandes, Macao Government Tourism Office, Bank of America Securities, China International Capital Corporation Hong Kong Securities, Shengyong Goh, Jiayu Wang, Liwei Hou","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Operator Strategy","query":"Given the projected GGR for November and Q4, what specific operational adjustments are Macau's concessionaires implementing to optimize mass market yield amidst fluctuating VIP volumes and evolving regulatory frameworks?"},{"label":"Forecast Discrepancies","query":"How do the GGR forecasts from Citigroup, Bank of America, and CICC diverge, and what are the underlying macroeconomic assumptions (e.g., renminbi appreciation, mainland visitor policy, infrastructure developments) driving these differences in their analytical models?"}],"footnotes":""},"categories":[28,16338],"tags":[23906],"class_list":["post-777020679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020679","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=777020679"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020679\/revisions"}],"predecessor-version":[{"id":777020705,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020679\/revisions\/777020705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}