{"id":777024198,"date":"2025-03-18T08:59:48","date_gmt":"2025-03-18T11:59:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024198"},"modified":"2026-04-22T00:43:27","modified_gmt":"2026-04-22T03:43:27","slug":"macau-ggr-reaches-us2-37bn-in-first-16-days-of-march-jp-morgan-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us2-37bn-in-first-16-days-of-march-jp-morgan-says","title":{"rendered":"Macau GGR reaches US$2.37bn in first 16 days of March, JP Morgan says"},"content":{"rendered":"\n<p>Analysts say daily average gross gaming revenue was MOP631m (US$78.9m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at\u00a0<strong>JP Morgan<\/strong> have estimated that<strong>\u00a0Macau\u2019s gross gaming revenue (GGR)<\/strong> for the first 16 days of March was\u00a0MOP19bn (US$2.37bn). The estimated\u00a0GGR run rate was\u00a0MOP631m (US$78.9m) per day.<\/p>\n\n\n\n<p>Analysts\u00a0<strong>DS Kim<\/strong>,\u00a0<strong>Mufan Shi<\/strong>\u00a0and<strong>\u00a0Selina Li<\/strong>\u00a0said GGR was &#8220;largely stable at MOP621m (US$77.6m) per day last week.&#8221; Mass GGR is performing at over 110 per cent of pre-Covid-19 levels, while VIP revenue remains in the low 20 per cent range, consistent with trends seen in the fourth quarter of 2024.<\/p>\n\n\n\n<p>Analysts have forecast that March GGR will be 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. Analysts anticipate GGR growth in the second half due to easier year-on-year comparisons, predicting a 5 to 6 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> 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\/2021\/07\/Singapore-Gambling-participation-declined-in-2020-300x200.jpg\" \/><\/p>\n<p class=\"related-article__text\"><span class=\"see-also-label-strong\">See also:<\/span> <a href=\"https:\/\/focusgn.com\/asia-pacific\/citigroup-survey-notes-rise-in-premium-mass-wagers-in-macau\">Citigroup survey notes rise in premium mass wagers in Macau<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Analysts say daily average gross gaming revenue was MOP631m (US$78.9m).<\/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":"JP Morgan analysts estimate Macau's GGR for the first 16 days of March at MOP19bn, with a daily run rate of MOP631m. Mass GGR continues to exceed pre-Covid levels, while VIP revenue remains significantly lower. Analysts forecast flat year-on-year GGR for Q1 2024, with anticipated growth in H2 2024 leading to a modest 3% full-year increase.","focusai_entities":"JP Morgan, DS Kim, Mufan Shi, Selina Li, Citigroup","focusai_location":"Macau","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 GGR Sustainability?","query":"What factors are sustaining Macau's mass GGR above pre-pandemic levels, and what are the potential risks to this growth trajectory?"},{"label":"VIP Segment Recovery?","query":"What specific market or regulatory catalysts are required to stimulate a meaningful recovery in Macau's VIP gaming segment?"}],"footnotes":""},"categories":[28,16338],"tags":[23906],"class_list":["post-777024198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024198","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=777024198"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024198\/revisions"}],"predecessor-version":[{"id":777024234,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024198\/revisions\/777024234"}],"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=777024198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}