{"id":777022190,"date":"2025-01-21T05:59:11","date_gmt":"2025-01-21T08:59:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022190"},"modified":"2026-04-22T02:34:04","modified_gmt":"2026-04-22T05:34:04","slug":"macau-ggr-reaches-us1-5m-in-first-19-days-of-january","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us1-5m-in-first-19-days-of-january","title":{"rendered":"Macau GGR reaches US$1.5m in first 19 days of January"},"content":{"rendered":"\n<p>Analysts at JP Morgan say daily average gross gaming revenue was MOP637m (US$80.1m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at\u00a0<strong>JP Morgan<\/strong>\u00a0have estimated that<strong> Macau\u2019s gross gaming revenue (GGR)<\/strong>\u00a0for the first 19 days of January was\u00a0MOP12.1bn (US$1.5bn). The estimated\u00a0<strong>GGR run rate was <\/strong>MOP637m (US$80.1m) a day.<\/p>\n\n\n\n<p>Analysts <strong>DS Kim<\/strong>, <strong>Mufan Shi<\/strong> and<strong> Selina Li<\/strong> said that at this rate, January&#8217;s GGR may be down by just 3 to 4 per cent in year-on-year terms despite the negative impact of the early <a href=\"https:\/\/focusgn.com\/asia-pacific\/mgto-ups-macau-2025-tourism-target\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese New Year holiday period<\/a> taking place from\u00a0<strong>January 28 to February 4<\/strong>. Last year, the Chinese New Year Golden Week was in February making year-on-year comparisons difficult.<\/p>\n\n\n\n<p>JP Morgan forecast that GGR for January and February combined would be flat\u00a0to plus 2 per cent, implying 2 per cent to 4 per cent growth in daily run rates year-on-year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Citigroup notes a rise in premium mass wagers in Macau in January<\/h2>\n\n\n\n<p>A Citigroup survey recorded<strong> premium mass wagers<\/strong> of HK$12.8m (US$1.64m), an 11 per cent increase compared to January 2024. There were 636 players observed, a rise of 19 per cent.<\/p>\n\n\n\n<p>The survey observed<strong>&nbsp;24 whales<\/strong>&nbsp;(players with bets of HK$100,000 per hand or more), versus 27 a year ago. The average wager per whale reached HK$195,000 (US$25k). That\u2019s an increase of 37 per cent in year-on-year terms.<\/p>\n\n\n\n<p>Citigroup said Sands China was the leading Macau casino operator in its January premium mass survey, noting that it holds approximately a 28 per cent share of the industry\u2019s observed wagers. Galaxy Entertainment Group was estimated to have around a 27 per cent market share.<\/p>\n\n\n\n<p>Analysts indicated that Wynn Macau appears to have lost some share of the overall premium mass wager, likely because of significant renovation work at Wynn Encore, referring to the Wynn Macau property located in the downtown area of the Macau peninsula.<\/p>\n\n\n\n<p>Citigroup projected that<strong>\u00a0Macau\u2019s gross gaming revenue (GGR) for January\u00a0<\/strong>will\u00a0reach\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/citigroup-forecasts-strong-start-for-macau-ggr-in-2025\" target=\"_blank\" rel=\"noreferrer noopener\">MOP19bn (US$2.38bn)<\/a>. The figure would be 76 per cent of 2019 levels and down 2 per cent year-on-year. Analyst\u00a0<strong>George Choi\u00a0<\/strong>said that GGR for January and February combined could reach MOP40bn (US$5.01bn), a rise of 6 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan say daily average gross gaming revenue was MOP637m (US$80.1m).<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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 from JP Morgan and Citigroup have provided updated Gross Gaming Revenue (GGR) forecasts for Macau, estimating January's GGR to be around MOP12.1bn-MOP19bn. The reports highlight a robust performance in the premium mass segment, with Sands China and Galaxy Entertainment Group maintaining leading market shares, while Wynn Macau experienced a slight decline attributed to renovation activities.","focusai_entities":"JP Morgan, DS Kim, Mufan Shi, Selina Li, Citigroup, Sands China, Galaxy Entertainment Group, Wynn Macau, Wynn Encore, George Choi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Macau GGR Q1 Outlook?","query":"Given the early Chinese New Year impact and premium mass growth, what are the revised GGR projections for Macau operators for Q1, and how do these compare to pre-pandemic levels?"},{"label":"Operator Market Share Dynamics?","query":"How are the observed shifts in premium mass market share among Sands China, Galaxy Entertainment, and Wynn Macau expected to influence their respective capital expenditure and marketing strategies in the coming quarters?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777022190","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\/777022190","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=777022190"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022190\/revisions"}],"predecessor-version":[{"id":777022226,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022190\/revisions\/777022226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}