{"id":777022687,"date":"2025-02-07T09:16:33","date_gmt":"2025-02-07T12:16:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022687"},"modified":"2026-04-22T02:02:03","modified_gmt":"2026-04-22T05:02:03","slug":"macau-chinese-new-year-ggr-down-year-on-year-seaport-research-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-chinese-new-year-ggr-down-year-on-year-seaport-research-says","title":{"rendered":"Macau Chinese New Year GGR down year-on-year, Seaport Research says"},"content":{"rendered":"\n

Analysts said the daily average GGR was down 1 per cent compared to Chinese New Year 2024.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at Seaport Research Partners<\/strong> have reported that Macau\u2019s gross gaming revenue (GGR) averaged MOP780m (US$97.3m) <\/strong>per day over the Chinese New Year (CNY) holiday from January 28 to February 4, with an aggregate of approximately MOP6.24bn.<\/p>\n\n\n\n

Analyst Vitaly Umansky said the figure was down 1 per cent compared to CNY 2024 and 8 per cent compared to 2019. Estimated per-visitor GGR was US$593, up 3 per cent compared to 2024 but down 3 per cent compared to 2019. Seaport reaffirmed its Macau casino market forecast<\/a> of MOP242bn (US$30.2bn) in GGR for 2025 and forecast that February\u2019s GGR\u00a0would be up 1.3 per cent month-on-month to MOP18.5bn (US$2.3bn).<\/p>\n\n\n\n

Some\u00a0<\/strong>1.31 million visitors arrived in Macau<\/a> <\/strong>during the holiday period. The average daily visitation was 163,696, down 3.5 per cent in year-on-year terms and down 4.7 per cent from pre-Covid-19 levels in 2019 (171,702).<\/p>\n\n\n

\n
\"\"
Some <\/strong>1.31 million visitors arrived in Macau <\/strong>during the holiday period. Source: Macau government.<\/figcaption><\/figure>\n<\/div>\n\n\n

The\u00a0Gaming Inspection and Coordination Bureau\u00a0(DICJ)\u00a0<\/strong>reported that Macau\u2019s GGR for January was\u00a0MOP18.25bn (US$2.27bn)<\/strong>. That\u2019s a decrease of 5.6 per cent\u00a0in year-on-year terms<\/a> but a rise of 0.3\u00a0per cent\u00a0compared to the previous month<\/a>. The result was widely expected due to the earlier timing of the New Year, which began in January in 2024 but this year began in February. Compared to the same month in 2019, the figure was down by 19.4 per cent. <\/p>\n\n\n\n

Macau\u2019s\u00a0GGR for 2024 was MOP226.78bn (US$28.39bn)<\/strong>, up 23.8 per cent\u00a0year-on-year but down 22.45 per cent compared to 2019 levels (MOP292.45bn). The results surpassed the Macau government\u2019s expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts said the daily average GGR was down 1 per cent compared to Chinese New Year 2024.<\/p>\n","protected":false},"author":176,"featured_media":777022557,"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 Gross Gaming Revenue (GGR) during the Chinese New Year holiday period saw a slight daily average decline compared to CNY 2024, though per-visitor GGR increased. January's GGR also decreased year-on-year but exceeded government expectations for 2024, with analysts reaffirming positive forecasts for 2025.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What are the key drivers behind Seaport Research Partners' reaffirmed MOP242bn GGR forecast for Macau in 2025, particularly given the mixed CNY 2024 performance?"},{"label":"Visitation vs. GGR","query":"How are the diverging trends in daily visitation (down) and per-visitor GGR (up) impacting operator profitability and marketing strategies in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777022687","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\/777022687","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=777022687"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022687\/revisions"}],"predecessor-version":[{"id":777022713,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022687\/revisions\/777022713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777022557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}