{"id":777027257,"date":"2025-06-03T09:11:13","date_gmt":"2025-06-03T12:11:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777027257"},"modified":"2026-04-21T22:19:21","modified_gmt":"2026-04-22T01:19:21","slug":"seaport-research-partners-predicts-dip-in-macau-ggr-for-june","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/seaport-research-partners-predicts-dip-in-macau-ggr-for-june","title":{"rendered":"Seaport Research Partners predicts dip in Macau GGR for June"},"content":{"rendered":"\n<p>Analysts predict that GGR could fall by 13.7 per cent sequentially.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-<strong>\u00a0Seaport Research Partners<\/strong> has forecast that Macau&#8217;s gross gaming revenue (GGR) could fall by 13.7 per cent sequentially in June. That would be slightly worse than the average historical monthly decline. Analysts expect the figure to be up by 3.4 per cent <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-16-4-year-on-year-in-june\" target=\"_blank\" rel=\"noreferrer noopener\">year-on-year<\/a> but note that the UEFA Euro Cup could have had a negative impact on GGR during June last year.<\/p>\n\n\n\n<p><strong>Vitaly Umansky<\/strong>\u00a0said that although GGR has seen improvements in previous months, it relies on a rebound in consumer confidence in China and the base mass segment. Umansky noted that there will be several large concerts in June and the first two days of the month saw the Dragon Boat Festival Holiday. <\/p>\n\n\n\n<p>Umansky added that while the current estimate is conservative, GGR might drop if the typhoon season disrupts travel to Macau.<\/p>\n\n\n\n<p>Seaport expects GGR to grow by 4 per cent in 2025, with the second half of the year likely to outperform the first. Growth is expected to be driven by increased marketing from casino operators and improvements in consumer sentiment, prompted by government stimulus in China.<\/p>\n\n\n\n<p>Seaport estimates that mass GGR is at 114 per cent of 2019 levels while VIP is at about 26 per cent. Premium mass is up by 47 per cent compared to pre-Covid-19 levels and the bass mass segment is still 17 per cent below where it was in 2019.<\/p>\n\n\n\n<p>The weakest recovery is among overnight visitors, which Umansky calls \u201cdestination-based mass.\u201d This group is operating at less than 70 per cent of pre-pandemic levels and is seen as the key to any signficant growth. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Macau sees best monthly GGR since Covid-19<\/h2>\n\n\n\n<p>The forecast comes after the\u00a0<strong>Gaming Inspection and Coordination Bureau\u00a0(DICJ)\u00a0<\/strong>reported that GGR in May was\u00a0MOP21.19bn (US$2.62bn). That\u2019s an increase of 1.7 per cent\u00a0when compared to\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-29-7-in-may\" target=\"_blank\" rel=\"noreferrer noopener\">May 2024<\/a>\u00a0and 12.4\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-rises-year-over-year-in-april\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month<\/a>. It was the city\u2019s best monthly performance post-Covid-19.<\/p>\n\n\n\n<p>The rise in revenue was mainly attributed to China\u2019s five-day&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-labour-day-holiday-numbers-surpass-expectations\" rel=\"noreferrer noopener\">Labour Day holiday period<\/a>, which brought&nbsp;<strong>850,034 visitors<\/strong>&nbsp;to Macau, an increase of 40.6 per cent in&nbsp;year-on-year terms. During the holiday period, GGR was MOP5.1bn (US$633m), averaging MOP1.02bn (US$127m) per day, more than 90 per cent of pre-pandemic levels.<\/p>\n\n\n\n<p>Cumulatively,&nbsp;<strong>Macau\u2019s GGR for the first five months of 2025&nbsp;<\/strong>was MOP97.7bn (US$12.1bn), up 1.7 per cent year-on-year. The figure was 77 per cent of the same period of 2019 (MOP125.6bn) (US$5.5bn).<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/04\/Visitors-Macau-300x200.jpeg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/macau-ggr-per-visitor-will-be-down-by-6-6-in-2025-analysts-say'>Macau GGR per visitor will be down by 6.6% in 2025, analysts say<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Analysts predict that GGR could fall by 13.7 per cent sequentially.<\/p>\n","protected":false},"author":176,"featured_media":777011926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Seaport Research Partners forecasts a 13.7% sequential decline in Macau's June GGR, despite a projected 3.4% year-on-year increase, attributing the sequential dip to historical trends and potential external factors. The firm anticipates 4% GGR growth in 2025, driven by operator marketing and improved Chinese consumer sentiment, while noting May's GGR reached a post-COVID high of MOP21.19bn. The recovery remains uneven across gaming verticals, with premium mass exceeding 2019 levels but base mass and destination-based mass lagging significantly.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Gaming Inspection and Coordination Bureau, DICJ","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Macau GGR Drivers","query":"What specific government stimulus measures in China are anticipated to significantly improve consumer sentiment and subsequently drive Macau's GGR growth in H2 2025?"},{"label":"Segment Recovery Strategy","query":"Given the persistent lag in the 'destination-based mass' segment, what targeted marketing and infrastructure initiatives are Macau operators implementing to accelerate its recovery to pre-pandemic levels?"}],"footnotes":""},"categories":[16338,163],"tags":[227,23908,23906],"class_list":["post-777027257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-china","tag-gaming-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027257","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=777027257"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027257\/revisions"}],"predecessor-version":[{"id":777027276,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027257\/revisions\/777027276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777011926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777027257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777027257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777027257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}