Timothy Chau<\/strong> attributed the potential growth to increased visitor numbers, the expanded use of smart gaming tables, which allow operators to better assess player value and optimise marketing, and the rising popularity of side bets in baccarat games. They also noted that the government has a history of underestimating GGR.<\/p>\n\n\n\nNew suite accommodations are also expected to contribute. Upcoming expansions include 1,500 suites at Sands China\u2019s Londoner Grand, 100 suites at Galaxy Entertainment Groups\u2019 Capella and 70 units at MGM China\u2019s two properties in Macau. Analysts suggested that larger, premium accommodations will attract higher-value players, increasing their gaming activity.<\/p>\n\n\n\n
The number of visitors to the city is also expected to grow due to the inclusion of 10 additional Chinese cities in the Individual Visit Scheme (IVS), boosting Macau\u2019s tourist arrivals to approximately 35.7 million in 2025.<\/p>\n\n\n\n
GGR market share for 2025<\/h2>\n\n\n\n
Analysts anticipate that\u00a0Sands China\u00a0<\/strong>and\u00a0Galaxy Entertainment<\/strong>\u00a0will continue to lead in GGR share among the city\u2019s six operators. They see Sands holding 25.4 per cent; Galaxy Entertainment 19.2 per cent;\u00a0MGM China<\/strong>\u00a015.3 per cent;\u00a0Melco Resorts & Entertainment<\/strong>\u00a014.3 per cent;\u00a0SJM Holdings<\/strong>\u00a013.1 per cent; and\u00a0Wynn Macau\u00a0<\/strong>12.7 per cent.\u00a0<\/p>\n\n\n\nCitigroup projected that the industry\u2019s earnings before interest, taxation, depreciation, and amortization (EBITDA) will reach nearly US$8.03bn in 2024, with a growth of approximately 13 per cent year-on-year to US$9.05bn in 2025. That\u2019s about 94 per cent of 2019 levels. The financial institution mentioned the potential for the Macau gaming industry to become increasingly \u201cdividend-paying\u201d in the upcoming year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gross gaming revenue was down 11.3 per cent sequentially but up 14.9 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":19810,"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 November GGR reached MOP18.4bn (US$2.31bn), marking an 11.3% sequential decline but a 14.9% year-on-year increase. Citigroup forecasts Macau's GGR to hit US$30.2bn in 2024 and US$32.7bn in 2025, driven by increased visitor numbers, smart gaming table adoption, and new premium accommodations. Sands China and Galaxy Entertainment are projected to maintain leading market shares.","focusai_entities":"Gaming Inspection and Coordination Bureau, Citigroup, George Choi, Timothy Chau, Sands China, Galaxy Entertainment, MGM China, Melco Resorts & Entertainment, SJM Holdings, Wynn Macau","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.7), operator_casino (0.98), product_ux (0.75), tech_data (0.7), marketing_crm (0.8), investor_analyst (0.99), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Forecast Accuracy?","query":"Given the historical underestimation by the government, what is the probability of Citigroup's 2024\/2025 GGR forecasts being conservative, and what upside factors could accelerate growth beyond current projections?"},{"label":"Competitive Dynamics Shift?","query":"How might the projected GGR market share distribution for 2025, coupled with new premium accommodation expansions, impact the competitive strategies and capital allocation decisions of the six Macau concessionaires?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23907,23906],"class_list":["post-777021144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021144","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=777021144"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021144\/revisions"}],"predecessor-version":[{"id":777021177,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021144\/revisions\/777021177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19810"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}