{"id":777023917,"date":"2025-03-11T08:51:30","date_gmt":"2025-03-11T11:51:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023917"},"modified":"2026-04-22T00:58:19","modified_gmt":"2026-04-22T03:58:19","slug":"macau-ggr-stable-in-first-9-days-of-march-jp-morgan-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-stable-in-first-9-days-of-march-jp-morgan-says","title":{"rendered":"Macau GGR stable in first 9 days of March, JP Morgan says"},"content":{"rendered":"\n<p>Analysts say daily average gross gaming revenue was MOP638m.<\/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 nine days of March was\u00a0MOP5.75bn (US$718.7m). The estimated\u00a0<strong>GGR run rate was\u00a0<\/strong>MOP638m (US$) per day.<\/p>\n\n\n\n<p>Analysts\u00a0<strong>DS Kim<\/strong>,\u00a0<strong>Mufan Shi<\/strong> and<strong> Selina Li<\/strong> said GGR remained &#8220;stable versus MOP644m a day in the first two months of 2025&#8221;. They have forecast March GGR to stay flattish year-on-year at around MOP19bn (-2 per cent to 0 per cent). This would leave GGR for the first quarter flat year-on-year.<\/p>\n\n\n\n<p>Analysts anticipate GGR growth in the second half of the year due to easier year-on-year comparisons, predicting a 5 per cent increase compared to no growth in the first half. This would result in around 3 per cent growth for the full year.<\/p>\n\n\n\n<p>GGR for February was&nbsp;MOP19.74bn (US$2.46bn). That\u2019s an increase of 6.8 per cent&nbsp;in&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" rel=\"noreferrer noopener\">year-on-year terms<\/a>&nbsp;and a rise of 8.2&nbsp;per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-dips-in-january\" rel=\"noreferrer noopener\">sequentially<\/a>. GGR was 77.8 per cent of February 2019\u2019s level. Cumulatively, GGR for the first two months of 2024 was MOP38bn, up 0.5 per cent from the prior-year period.&nbsp;<\/p>\n\n\n<div id=\"see-also-container\"><\/p>\n<div class=\"related-article\"><img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2022\/01\/16433821441639579064Macau-to-decide-if-Hong-Kong-visitors-could-enter-casinos-300x200.jpg\" \/><\/p>\n<p class=\"related-article__text\"><span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-tax-revenue-up-35\">Macau gaming tax revenue up 35%<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Analysts say daily average gross gaming revenue was MOP638m.<\/p>\n","protected":false},"author":176,"featured_media":21299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan analysts estimate Macau's gross gaming revenue (GGR) for the first nine days of March at MOP5.75bn, maintaining a stable daily run rate of MOP638m. They forecast March GGR to remain flat year-on-year at MOP19bn, projecting a 3% full-year growth driven by an anticipated stronger second half. This analysis provides critical insights into the market's current performance and future trajectory.","focusai_entities":"JP Morgan, DS Kim, Mufan Shi, Selina Li","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), investor_analyst (0.99), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 Growth Drivers?","query":"What specific market segments, such as VIP or mass-market, are anticipated to drive the projected GGR growth in Macau during the second half of the year, and what are the underlying catalysts?"},{"label":"Operator Valuation Impact?","query":"How do these GGR forecasts for Macau influence the current valuation multiples and investment theses for publicly traded gaming operators with significant exposure to this market?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-777023917","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\/777023917","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=777023917"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023917\/revisions"}],"predecessor-version":[{"id":777023956,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023917\/revisions\/777023956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21299"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}