{"id":777044883,"date":"2026-07-14T08:45:11","date_gmt":"2026-07-14T11:45:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777044883"},"modified":"2026-07-14T08:54:23","modified_gmt":"2026-07-14T11:54:23","slug":"clsa-cuts-macau-2026-ggr-forecast-after-weak-june-performance","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clsa-cuts-macau-2026-ggr-forecast-after-weak-june-performance","title":{"rendered":"CLSA cuts Macau 2026 GGR forecast after weak June performance and expectation of a soft July"},"content":{"rendered":"\n

Analysts believe the market consensus assumes a stronger acceleration in the second half of the year than what recent performance suggests. <\/p>\n\n\n\n\n\n\n\n

Macau.- CLSA has lowered its forecast for Macau’s 2026 gross gaming revenue (GGR). It now expects annual growth of 2.3 per cent to MOP253.2bn (US$31.3bn)<\/strong> after a weaker-than-expected June and a softer outlook for July.<\/p>\n\n\n\n

The revised forecast follows a 12 per cent year-on-year decline in June GGR. CLSA also expects July revenue to be down 12 per cent year-on-year at MOP19.5bn (US$2.41bn), although it anticipates daily GGR to recover from mid-July as the impact of the FIFA World Cup fades<\/strong>.<\/p>\n\n\n\n

Citigroup<\/strong> has maintained its forecast that Macau’s gross gaming revenue (GGR) will reach MOP19bn (US$2.35bn) in July, representing a 5 per cent year-on-year decline<\/strong>. According to the brokerage, industry GGR for the first 12 days of July is estimated at around MOP7.3bn (US$904m), implying average daily revenue of approximately MOP608m (US$75.3m). Citi estimates that daily GGR slowed to MOP580m (US$71.8m) during the July 7-12 period, compared with MOP650m (US$80.5m) over the first six days of the month.<\/p>\n\n\n\n

Citi said the market would need an average daily GGR of about MOP635m (US$78.6m) for the remainder of July to meet its monthly forecast of MOP19bn (US$2.35bn), a level the brokerage believes is achievable given the expected post-World Cup rebound.<\/p>\n\n\n\n

However, CLSA believes the market consensus forecast assumes a stronger acceleration in the second half of the year than recent performance suggests. However CLSA says that Macau’s premium segment remains resilient. It estimates that GGR per overnight visitor increased 7 per cent year-on-year during April and May, suggesting that higher-value customers continue to support gaming revenues as the proportion of overnight visitors declined.<\/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 gaming tax revenue up 13% January-June<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Analysts believe the market consensus assumes a stronger acceleration in the second half of the year than what recent performance suggests.<\/p>\n","protected":false},"author":680,"featured_media":18522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"CLSA has lowered its 2026 Macau GGR forecast to MOP253.2bn, citing weaker-than-expected June performance and a soft July outlook, with a 12% year-on-year decline in June GGR. While Citigroup maintains its July GGR forecast of MOP19bn, both brokerages acknowledge a slowdown in early July, though a post-World Cup rebound is anticipated. CLSA also notes the resilience of Macau's premium gaming segment, with GGR per overnight visitor increasing.","focusai_entities":"CLSA, Citigroup","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 GGR Outlook?","query":"What specific factors are driving CLSA's more conservative outlook for Macau's H2 GGR acceleration compared to the broader market consensus, beyond the World Cup impact?"},{"label":"Premium Segment Resilience?","query":"How sustainable is the reported resilience in Macau's premium gaming segment, and what are the key indicators to monitor for its continued performance amidst broader GGR fluctuations?"}],"footnotes":""},"categories":[16338,163],"tags":[25002,24955,257],"class_list":["post-777044883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-clsa","tag-gross-gaming-revenue-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044883","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777044883"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044883\/revisions"}],"predecessor-version":[{"id":777044908,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044883\/revisions\/777044908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18522"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777044883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777044883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777044883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}