{"id":777028567,"date":"2025-07-02T08:48:21","date_gmt":"2025-07-02T11:48:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028567"},"modified":"2026-04-21T21:21:14","modified_gmt":"2026-04-22T00:21:14","slug":"analysts-expect-macau-ggr-growth-to-continue-in-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-expect-macau-ggr-growth-to-continue-in-july","title":{"rendered":"Analysts expect Macau GGR growth to continue in July"},"content":{"rendered":"\n

June figures beat most expectations.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts expect Macau gross gambling revenue to continue to grow in July after June results surpassed expectations<\/a>. Seaport Research Partners analyst Vitaly Umansky has provided an early estimate for July GGR of \u201cplus 10.2 per cent year-on-year but minus 2.7 per cent month-on-month. It’s raised its full-year growth forecast to 5.6 per cent.<\/p>\n\n\n\n

Morgan Stanley Asia has said that it expects July GGR to be MOP20.4bn (US$2.5bn), up 10 per cent year-on-year. It forecasts full-year 2025 GGR of MOP238bn, an increase of 5 per cent in year-on-year terms. Citigroup conservatively anticipates July 2025 GGR to grow 5 per cent year-on-year to MOP19.5bn (US$2.4bn).\u00a0<\/p>\n\n\n\n

DS Kim and Selina Li from JP Morgan Securities (Asia Pacific) write in a note that June’s GGR beat the already revised-up consensus of plus 9 per cent year-on-year. They noted that June\u2019s daily run-rate of MOP702m (US$86.8m) was even higher than May\u2019s<\/a>, despite typical seasonality showing high-single digit declines month-on-month. They said high-end gaming segments, direct VIP and ultra-premium mass had performed particularly well.<\/p>\n\n\n\n

\u201cBoth segments performed strongly and outpaced the seasonality, though we estimate VIP grew faster (plus 10 per cent quarter-on-quarter or plus 12 per cent year-on-year) than mass (plus 5 per cent quarter-on-quarter or plus 8 per cent year-on-year),\u201d they said.\u00a0<\/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 rises 19% year-over-year in June<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

June figures beat most expectations.<\/p>\n","protected":false},"author":226,"featured_media":25291,"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 June Gross Gaming Revenue (GGR) surpassed analyst expectations, prompting upward revisions for July and full-year 2025 forecasts. Analysts from Seaport Research Partners, Morgan Stanley Asia, and JP Morgan Securities (Asia Pacific) highlight robust performance in high-end gaming segments, specifically direct VIP and ultra-premium mass, outpacing typical seasonality.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Morgan Stanley Asia, Citigroup, DS Kim, Selina Li, JP Morgan Securities (Asia Pacific)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Drivers?","query":"What specific factors, beyond the high-end segments, are contributing to Macau's sustained GGR growth, and how sustainable are these drivers given potential macroeconomic shifts and regional competition?"},{"label":"Analyst Forecast Discrepancies?","query":"Given the varying GGR forecasts from Seaport, Morgan Stanley, and Citigroup, what are the underlying assumptions or methodologies causing these discrepancies, particularly for the full-year 2025 projections?"}],"footnotes":""},"categories":[28,16338],"tags":[24619,23908,23906],"class_list":["post-777028567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-finance","tag-gaming-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028567","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028567"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028567\/revisions"}],"predecessor-version":[{"id":777028588,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028567\/revisions\/777028588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25291"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}