{"id":777030509,"date":"2025-08-19T08:10:35","date_gmt":"2025-08-19T11:10:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030509"},"modified":"2026-04-21T20:00:27","modified_gmt":"2026-04-21T23:00:27","slug":"citigroup-expects-macau-ggr-to-rise-10-year-on-year-in-august","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/citigroup-expects-macau-ggr-to-rise-10-year-on-year-in-august","title":{"rendered":"Citigroup expects Macau GGR to rise 10% year-on-year in August"},"content":{"rendered":"\n

Analysts have raised their forecast for Macau\u2019s gross gaming revenue.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at Citigroup<\/strong> have predicted that Macau\u2019s gross gaming revenue (GGR) could grow 10 per cent year-on-year this month. The banking group has raised its forecast for August casino GGR from MOP21.50bn (US$2.67bn) to MOP21.75bn (US$2.70bn). That would be almost 90 per cent of the August 2019 figure.\u00a0<\/p>\n\n\n\n

Analysts George Choi and Timothy Chau<\/strong> based the forecast on estimates that Macau\u2019s GGR for the first 17 days of August reached MOP12.1bn (US$1.5bn). This implies a daily run-rate of about MOP729m (US$90.6m) last week, for a circa 4 per cent increase versus the first ten days and circa 14 per cent higher versus the August 2024 average (MOP637m a day).<\/p>\n\n\n\n

Analysts said that despite heavy rain caused by Typhoon Podul last week, gaming activity remained robust. Based on industry sources, VIP volumes fell circa 2 per cent to 4 per cent month-on-month, but mass GGR grew circa 1 per cent to 2 per cent. \u201cVIP hold rate appears to be higher than that of the first ten days of August,\u201d they added.<\/p>\n\n\n\n

The last report from Gaming Inspection and Coordination Bureau (DICJ) shows that Macau\u2019s gross gaming revenue (GGR) was\u00a0MOP22.13bn (US$2.73bn)\u00a0in July<\/a>, up 19 per cent in year-on-year terms to the best monthly performance since January 2020, just before the onset of the Covid-19 pandemic<\/p>\n\n\n\n

Last week, analysts at\u00a0JP Morgan Securities (Asia Pacific)<\/strong>\u00a0predicted that Macau\u2019s gross gaming revenue (GGR) could grow\u00a013 per cent year-on-year<\/a> in the second half of 2025. That would represent an increase from the 4 per cent growth recorded in H1 2025.<\/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> JP Morgan raises Macau GGR forecast for H2<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Analysts have raised their forecast for Macau\u2019s gross gaming revenue.<\/p>\n","protected":false},"author":226,"featured_media":777030512,"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 has elevated its August GGR forecast for Macau to MOP21.75bn, projecting a 10% year-on-year growth, nearing 90% of 2019 levels, driven by robust mass market performance despite adverse weather. This follows strong July GGR figures and positive H2 2025 outlooks from JP Morgan, indicating sustained recovery in the gaming vertical.","focusai_entities":"Citigroup, George Choi, Timothy Chau, JP Morgan Securities (Asia Pacific), Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Growth Drivers?","query":"What specific factors are driving the resilience and growth of Macau's mass market GGR amidst VIP volume fluctuations, and how sustainable are these trends?"},{"label":"Operator Capex Impact?","query":"How might the revised GGR forecasts influence the capital expenditure and expansion strategies of integrated resort operators in Macau, particularly regarding non-gaming investments?"}],"footnotes":""},"categories":[16338,163],"tags":[24868,257],"class_list":["post-777030509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-citigroup","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030509","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=777030509"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030509\/revisions"}],"predecessor-version":[{"id":777030515,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030509\/revisions\/777030515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777030512"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}