{"id":777024454,"date":"2025-03-25T09:55:59","date_gmt":"2025-03-25T12:55:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024454"},"modified":"2026-04-22T00:29:32","modified_gmt":"2026-04-22T03:29:32","slug":"macau-ggr-reaches-us1-82bn-in-first-23-days-of-march-citigroup-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us1-82bn-in-first-23-days-of-march-citigroup-says","title":{"rendered":"Macau GGR reaches US$1.82bn in first 23 days of March, Citigroup says"},"content":{"rendered":"\n<p>Analysts say daily average gross gaming revenue was MOP635m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Analysts at&nbsp;<strong>Citigroup<\/strong>&nbsp;have estimated that<strong> Macau\u2019s gross gaming revenue (GGR)<\/strong>&nbsp;for the first 23 days of March was&nbsp;MOP14.6bn (US$1.82bn). The estimated&nbsp;GGR run rate was&nbsp;MOP635m per day.<\/p>\n\n\n\n<p>Analysts<strong> George Choi <\/strong>and<strong> Timothy Chau<\/strong> said GGR is flat in year-on-year terms. The daily run rate for the week of March 17-23 was MOP643m (US$80.1m), a rise of 3 per cent <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us2-37bn-in-first-16-days-of-march-jp-morgan-says\" target=\"_blank\" rel=\"noreferrer noopener\">compared to the previous week<\/a> (MOP621m). Analysts said VIP volume fell by 8 to 10 per cent month-on-month and mass GGR by 7 to 9 per cent. They said the VIP hold rate appeared to be higher than the previous week&#8217;s.<\/p>\n\n\n\n<p>Citigroup said its March 2025 GGR forecast remains unchanged at MOP19.5bn (US$2.43bn). Flat year-on-year, this would represent approximately 75 per cent of the March 2019 levels. GGR for February was\u00a0MOP19.74bn (US$2.46bn), an increase of 6.8 per cent\u00a0in\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" target=\"_blank\" rel=\"noreferrer noopener\">year-on-year terms<\/a>\u00a0and 8.2\u00a0per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-dips-in-january\" target=\"_blank\" 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.\u00a0<\/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 MOP635m.<\/p>\n","protected":false},"author":176,"featured_media":22443,"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) for the first 23 days of March reached MOP14.6bn, with a daily run rate of MOP635m, indicating flat year-on-year performance. Despite month-on-month declines in VIP volume and mass GGR, Citigroup maintains its March 2025 GGR forecast at MOP19.5bn, representing approximately 75% of 2019 levels. This data provides critical insights into the market's ongoing recovery trajectory.","focusai_entities":"Citigroup, George Choi, Timothy Chau","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 (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Q2 Outlook?","query":"What is the projected GGR growth trajectory for Macau operators in Q2, considering the current VIP and mass segment performance and the flat year-on-year trend?"},{"label":"Impact on Concessionaire Valuations?","query":"How do current GGR trends and Citigroup's March 2025 forecast impact the long-term capital expenditure plans and dividend policies of listed Macau concessionaires?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[23906],"class_list":["post-777024454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024454","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=777024454"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024454\/revisions"}],"predecessor-version":[{"id":777024498,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024454\/revisions\/777024498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22443"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777024454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}