{"id":777044419,"date":"2026-07-03T07:17:35","date_gmt":"2026-07-03T10:17:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777044419"},"modified":"2026-07-03T12:18:32","modified_gmt":"2026-07-03T15:18:32","slug":"seaport-forecasts-7-9-decline-in-macau-ggr-for-july-as-world-cup-impact-continues","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/seaport-forecasts-7-9-decline-in-macau-ggr-for-july-as-world-cup-impact-continues","title":{"rendered":"Seaport forecasts 7-9% decline in Macau GGR for July as World Cup impact continues"},"content":{"rendered":"\n

The brokerage predicts a rebound in August.<\/p>\n\n\n\n\n\n\n\n

Macau.- Seaport Research Partners <\/strong>has forecast that Macau\u2019s gross gaming revenue (GGR) could decrease by between 7 and 9 per cent year-on-year in July. It noted that the FIFA World Cup had diverted player activity and visitation, contributing to a weaker-than-expected June, with Macau’s GGR down 12.1 per cent year-on-year to MOP18.55bn (US$2.29bn)<\/a>. <\/p>\n\n\n\n

Analyst Vitaly Umansky<\/strong> also suggested that concerns surrounding money flows may be limiting some player activity. Seaport estimates average daily GGR of MOP658m (US$81.5m) in July, up 6 per cent month-on-month but equivalent to only 83 per cent of July 2019 levels.<\/p>\n\n\n\n

He expects the market to return to annual growth in August<\/strong>, forecasting an increase of around 5 per cent year-on-year as the impact of the World Cup fades. The analyst anticipates third quarter GGR growth of around 2 per cent, followed by a 4 per cent increase in the last three-month period of 2026.\u00a0<\/p>\n\n\n\n

\u201cWhile there are concerns around the near-term sustainability of GGR growth and the Chinese economy (along with geopolitical risks), gaming valuations (in particular those with Macau exposure) remain largely undemanding, contributing to a continued positive risk\/reward positioning for most operators,\u201d Umansky said in a note to investors.<\/p>\n\n\n\n

With 104 matches, the expanded 48-team FIFA World Cup is having a\u00a0greater impact on Macau\u2019s gaming industry<\/a> than previous tournaments. Citi analysts\u00a0George Choi and Timothy Chau<\/strong>\u00a0also said they expect it to continue to divert part of consumers\u2019 gaming budgets, maintaining pressure on casino revenues during the first three weeks of July<\/a>.<\/p>\n\n\n\n


<\/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> Moody’s revises Wynn Resorts outlook to stable while affirming B1 ratings<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The brokerage predicts a rebound in August.<\/p>\n","protected":false},"author":226,"featured_media":777044426,"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 7-9% year-on-year GGR decrease for Macau in July, attributing the decline to the FIFA World Cup diverting player activity and broader concerns regarding money flows and the Chinese economy. Despite near-term headwinds, the brokerage anticipates a rebound to annual growth in August and maintains a positive risk\/reward outlook for Macau-exposed operators due to undemanding valuations.","focusai_entities":"Seaport Research Partners, Vitaly Umansky, Citi, George Choi, Timothy Chau, Moody's, Wynn Resorts, FIFA World Cup","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Catalysts?","query":"Beyond the post-World Cup rebound, what specific policy interventions or market shifts are anticipated to accelerate Macau's GGR recovery, particularly amidst ongoing Chinese economic and geopolitical uncertainties?"},{"label":"Operator Valuation Drivers","query":"How do current geopolitical risks and 'money flow' concerns specifically influence the 'undemanding' valuations of Macau-exposed operators, and what catalysts could drive a significant re-rating of these equities?"}],"footnotes":""},"categories":[28,16338,24628,158],"tags":[29,257,233],"class_list":["post-777044419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-highlight-of-the-week","category-slider-home","tag-casino","tag-macau","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044419","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=777044419"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044419\/revisions"}],"predecessor-version":[{"id":777044429,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044419\/revisions\/777044429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777044426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777044419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777044419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777044419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}