{"id":777027697,"date":"2025-06-12T02:45:41","date_gmt":"2025-06-12T05:45:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777027697"},"modified":"2026-04-21T21:59:02","modified_gmt":"2026-04-22T00:59:02","slug":"citigroup-expects-macau-ggr-to-rise-in-h2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/citigroup-expects-macau-ggr-to-rise-in-h2","title":{"rendered":"Citigroup expects Macau GGR to rise in H2"},"content":{"rendered":"\n

Analysts expect GGR to be up 6 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

Macau.- Citigroup has projected that Macau\u2019s gross gaming revenue (GGR) growth for the second half of the year could reach 6 per cent year-on-year. That would take full-year GGR to MOP235.7bn (US$29.15bn), an increase of 4 per cent year-on-year.<\/p>\n\n\n\n

Analysts George Choi\u00a0and Timothy Chau based the forecast on events and concerts planned for the second half of 2025, including by popular Chinese artists Jacky Cheung and Aaron Kwok as well as Air Supply and TWICE.<\/p>\n\n\n\n

Citigroup said GGR noted GGR increases in April and May and a strong start to June. In April, GGR was MOP18.86bn (US$2.36bn), an increase of 1.7 per cent\u00a0in\u00a0year-on-year terms<\/a>.\u00a0In May<\/a>, GGR was\u00a0MOP21.19bn (US$2.62bn), up 1.7 per cent\u00a0year-on-year and the city\u2019s best monthly performance since Covid-19.<\/p>\n\n\n\n

A week ago, the Macau government lowered its GGR forecast for the year by 5 per cent, from\u00a0MOP240bn (US$ 29.8bn)<\/a>\u00a0to MOP 228bn (US$ 28.3bn).\u00a0Citigroup views this “as the bear-case scenario” but disagreed with comments suggesting a drop in the quality of visitors to Macau. Some analyses noted a 10 per cent drop in per capita spending but Citigroup said that, year-to-date, the amount spent on gaming per visitor was largely flat, indicating that “players remain passionate about gaming and, more importantly, that the ongoing Sino-US trade conflicts so far appear not to be discouraging them from playing.”<\/p>\n\n\n\n

Citigroup analysts argued that the best way to assess visitor quality is to look at GGR compared to overnight stays in hotels, which are often free for casino players. They concluded that as GGR and overnight visits have grown similarly, the spending per person on gaming, and therefore the quality of players, “is holding up well.”<\/p>\n\n\n\n

Macau received\u00a012,955,456\u00a0<\/strong>visitors in the\u00a0first four months of the year<\/a>. That\u2019s an increase of 12.9 per cent when compared to last year. Same-day visitors (7,578,976) grew by 23.4 per cent while overnight visitors (5,376,480) rose by 0.8 per cent. The cumulative average length of stay of visitors shortened by 0.1 day year-on-year to 1.1 days. The duration of stay for same-day visitors (0.2 day) remained unchanged, while that for overnight visitors (2.3 days) increased by 0.1 day.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> 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":"

Analysts expect GGR to be up 6 per cent in year-on-year terms.<\/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":"Citigroup projects Macau's H2 GGR to grow 6% year-on-year, reaching MOP235.7bn for the full year, despite the Macau government's recent downward revision. Analysts attribute this optimism to planned events and stable per-visitor gaming spend, refuting claims of declining visitor quality amidst increased tourist arrivals.","focusai_entities":"Citigroup, George Choi, Timothy Chau, Jacky Cheung, Aaron Kwok, Air Supply, TWICE, Macau government","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific factors, beyond concerts, are Citigroup analysts weighting most heavily in their H2 2025 GGR growth projection for Macau, particularly concerning high-value player segments?"},{"label":"Visitor Quality Metrics?","query":"How does Citigroup's methodology for assessing visitor quality (GGR vs. overnight stays) compare with other industry benchmarks, and what are the implications for long-term VIP segment strategy?"}],"footnotes":""},"categories":[16338,163],"tags":[24786,24685,257],"class_list":["post-777027697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-chinese-artists","tag-gaming-revenue","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027697","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=777027697"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027697\/revisions"}],"predecessor-version":[{"id":777027730,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027697\/revisions\/777027730"}],"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=777027697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777027697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777027697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}