{"id":777021230,"date":"2024-12-03T16:03:42","date_gmt":"2024-12-03T19:03:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021230"},"modified":"2026-04-22T03:36:23","modified_gmt":"2026-04-22T06:36:23","slug":"macau-ggr-to-reach-us2-3bn-in-december-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-us2-3bn-in-december-analysts-say","title":{"rendered":"Macau GGR to reach US$2.3bn in December, analysts say"},"content":{"rendered":"\n

Analysts at Citigroup predict GGR for December will reach around 81 per cent of 2019 levels.<\/p>\n\n\n\n\n\n\n\n

Macau.- Citigroup has projected that Macau\u2019s gross gaming revenue (GGR) for December<\/strong> will\u00a0reach MOP18.5bn (US$2.3bn), flat in year-on-year terms and up slightly compared to November. The figure would be 81 per cent of 2019 levels.<\/p>\n\n\n\n

Analysts George Choi<\/strong> and Timothy Chau<\/strong> said that it expected lower performance than what may otherwise have been expected due to president Xi Jinping\u2019s visit for the celebration of the 25th Anniversary of Macau’s handover to China on December 20. They believe that the visit, along with public holidays, will result in a short-term decrease in gaming activity amid state-led festivities.<\/p>\n\n\n\n

GGR for November was MOP18.4bn (US$2.31bn). That\u2019s a decrease of 11.3 per cent compared to the previous month<\/a> but a rise of 14.9 per cent in year-on-year terms. Compared to the same month in 2019, the figure was down by 19.4 per cent.<\/p>\n\n\n\n

Cumulatively, Macau\u2019s GGR for the first eleven months<\/strong> of 2024 was MOP208.6bn (US$26.1bn), up 26.8 per cent year-on-year but down 22.6 per cent below the same period in 2019.<\/p>\n\n\n\n

GGR to reach US$30.2bn in 2025<\/h2>\n\n\n\n

Citigroup\u00a0has predicted that GGR in Macau will reach MOP242.5bn (US$30.2bn),\u00a0surpassing the government\u2019s forecast<\/a> by 1 per cent. The total would be 83 per cent of the 2019 level. As for 2026, analysts said GGR could reach MOP261.9bn or 90 per cent of the 2019 level.<\/p>\n\n\n\n

Choi\u00a0and\u00a0Chau 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\n

New 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","protected":false},"excerpt":{"rendered":"

Analysts at Citigroup predict GGR for December will reach around 81 per cent of 2019 levels.<\/p>\n","protected":false},"author":176,"featured_media":32940,"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 project Macau's December GGR to reach MOP18.5bn, representing 81% of 2019 levels, with a slight sequential increase but flat year-on-year, partly influenced by President Xi Jinping's visit. The firm forecasts Macau's GGR to achieve US$30.2bn in 2025 and US$32.7bn in 2026, driven by increased visitor numbers, the adoption of smart gaming tables, rising popularity of side bets, and new premium suite accommodations from key operators. These projections surpass the government's own forecasts, indicating robust market recovery and strategic operational enhancements.","focusai_entities":"Citigroup, George Choi, Timothy Chau, Xi Jinping, Sands China, Galaxy Entertainment Group, MGM China","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), product_ux (0.7), tech_data (0.7), marketing_crm (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Accuracy","query":"What specific methodologies or proprietary data points does Citigroup leverage to consistently outperform the Macau government's GGR forecasts, and what are the inherent risks to their projections?"},{"label":"Smart Table ROI","query":"Beyond assessing player value, what is the projected return on investment (ROI) for Macau operators investing in smart gaming tables, considering implementation costs and the potential NGR uplift from optimized marketing?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777021230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021230","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=777021230"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021230\/revisions"}],"predecessor-version":[{"id":777021235,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021230\/revisions\/777021235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}