{"id":777033078,"date":"2025-10-14T08:42:09","date_gmt":"2025-10-14T11:42:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777033078"},"modified":"2026-04-21T18:14:59","modified_gmt":"2026-04-21T21:14:59","slug":"jp-morgan-cuts-macau-ggr-forecast-for-october","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jp-morgan-cuts-macau-ggr-forecast-for-october","title":{"rendered":"JP Morgan cuts Macau GGR forecast for October"},"content":{"rendered":"\n

Analysts have also cut Q4 predictions.<\/p>\n\n\n\n\n\n\n\n

Macau.- JP Morgan has revised downwards its gross gaming revenue (GGR) forecast for Macau\u2019s casino sector for October. Analysts now expect GGR to increase between 3 per cent and 6 per cent year-on-year, down from a previous estimate of 11 per cent. They have also cut their growth forecast for Q4 from 13 to 9 per cent.<\/p>\n\n\n\n

Analysts DS Kim, Selina Li and Lindsey Qian said that Golden Week numbers \u201cwere not so golden,\u201d and and that the period to November \u201clooks to be uninspiring.\u201d<\/p>\n\n\n\n

JP Morgan described the performance during the Golden Week period as \u201ca temporary setback\u201d, possibly driven by weather-related disruptions on October 5 due to the passage of Typhoon Matmo, and a softer mass market due to the timing of the holiday period, which this year began on October 6 rather than in September as in previous years. Another potential factor mentioned was the loss of high-end players attending the Formula One Singapore Grand Prix.<\/p>\n\n\n\n

JP Morgan had previously reported that casino gross gaming revenue (GGR) in Macau was MOP5.5bn (US$686.1m) in the first five days of October, making it the \u201cbest Golden Week print in five-plus years.\u201d<\/a><\/p>\n\n\n\n

The Public Security Police Force (CPSP) said that Macau received 1.14 million visitor arrivals during October\u2019s Golden Week, which ran from October 1 to 8, slightly below the forecast of 1.2 million. The average daily number of visitors stood at around 143,000 visitors, behind the forecast of 150,000<\/a>,<\/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 sees best Golden Week revenue in over five years, JP Morgan says<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Analysts have also cut Q4 predictions.<\/p>\n","protected":false},"author":226,"featured_media":777033082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan has revised downwards its Gross Gaming Revenue (GGR) forecasts for Macau's casino sector for October and Q4, citing weaker-than-expected Golden Week performance, weather disruptions, and a softer mass market. The revised outlook projects a 3-6% year-on-year GGR increase for October, down from 11%, and a Q4 growth of 9% instead of 13%.","focusai_entities":"JP Morgan, DS Kim, Selina Li, Lindsey Qian, Public Security Police Force (CPSP)","focusai_location":"Macau, Singapore","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific operational adjustments are Macau casino concessionaires implementing to mitigate the impact of revised GGR forecasts and address the identified softness in the mass market segment?"},{"label":"Golden Week Impact","query":"Beyond weather and holiday timing, what underlying structural shifts in player behavior or regional competition might be contributing to the 'uninspiring' post-Golden Week performance in Macau?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[29,23908,23906],"class_list":["post-777033078","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-casino","tag-gaming-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033078","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=777033078"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033078\/revisions"}],"predecessor-version":[{"id":777033128,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777033078\/revisions\/777033128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777033082"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777033078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777033078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777033078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}