{"id":777022685,"date":"2025-02-07T09:16:41","date_gmt":"2025-02-07T12:16:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022685"},"modified":"2026-04-22T02:01:26","modified_gmt":"2026-04-22T05:01:26","slug":"macau-ggr-unlikely-to-reach-2019-levels-success-universe-group-deputy-chairman-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-unlikely-to-reach-2019-levels-success-universe-group-deputy-chairman-says","title":{"rendered":"Macau GGR unlikely to reach 2019 levels, Success Universe Group deputy chairman says"},"content":{"rendered":"\n<p>Hoffman Ma Ho Man said a return to pre-pandemic levels was unlikely due to the decline in the VIP sector.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Hoffman Ma Ho Man<\/strong>, deputy chairman of Success Universe Group, which operates the Ponte 16 casino in Macau, has said it is \u201cunrealistic\u201d to expect Macau\u2019s gross gaming revenue (GGR) to return to 2019 levels as the city now has only 20 per cent of its GGR coming from the VIP sector.<\/p>\n\n\n\n<p>During a lunch for the Hong Kong press, Ho Man said mass-market revenue has increased by more than 10 per cent compared to 2019 levels and that the focus should be on increasing foot traffic, particularly within the mass-market segment. Ho Man has forecast Macau&#8217;s GGR for 2025 could be up slightly in year-on-year terms.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-dips-in-january\" rel=\"noreferrer noopener\">Macau GGR dips in January<\/a><\/p>\n\n\n\n<p>Macau\u2019s&nbsp;<strong>GGR for 2024 was MOP226.78bn (US$28.39bn)<\/strong>, up 23.8 per cent&nbsp;year-on-year but down 22.45 per cent compared to 2019 levels (MOP292.45bn). The results surpassed the Macau government\u2019s expectations.<\/p>\n\n\n\n<p>Market-wide VIP baccarat revenue stood at MOP54.76bn (US$6.83bn), accounting for 24.1 per cent of aggregate GGR for the year. Such revenue was up 21.2 per cent in year-on-year terms but represented only circa 40.5 per cent of VIP revenue generated in 2019. Mass-market baccarat generated a GGR of just below MOP137.91bn, representing 60.8 per cent of total revenue\u00a0in 2024.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-premium-mass-wagers-reach-us2-7m-on-third-day-of-chinese-new-year-analysts-say\" target=\"_blank\" rel=\"noreferrer noopener\">Macau premium mass wagers reach US$2.7m on third day of Chinese New Year, analysts say<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hoffman Ma Ho Man said a return to pre-pandemic levels was unlikely due to the decline in the VIP sector.<\/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":"Hoffman Ma Ho Man of Success Universe Group indicates Macau's GGR is unlikely to return to 2019 levels, primarily due to the VIP sector's reduced contribution, now at 20% of GGR. While 2024 GGR reached US$28.39bn, a 23.8% YoY increase, it remains 22.45% below 2019 figures, with mass-market revenue exceeding pre-pandemic levels and driving future growth strategies.","focusai_entities":"Hoffman Ma Ho Man, Success Universe Group, Ponte 16","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Strategy","query":"What specific operational and marketing strategies are Macau operators implementing to further capitalize on the growth of the mass-market segment, particularly concerning non-gaming attractions and player loyalty programs?"},{"label":"VIP Sector Trajectory","query":"Given the sustained decline in the VIP sector's GGR contribution, what are the long-term projections for this segment, and how might evolving regulatory frameworks or geopolitical factors further influence its trajectory?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777022685","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\/777022685","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=777022685"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022685\/revisions"}],"predecessor-version":[{"id":777022717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022685\/revisions\/777022717"}],"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=777022685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}