Gaming revenues in Macau dropped 39% over past week on post-holiday lull, said analysts
Tuesday 22 de October 2024 / 12:00
⏱ 1 min read
(Macau).- Gross gaming revenues fell by an estimated 39% to around MOP$514 million (US$64.1 million) per day in the week to 20 October, down from MOP$846 million (US$106 million) per day during the first two weeks of the month according to channel checks by JP Morgan analysts.
The decline was not unexpected however, coming off a high base due to the impact of the National Day Golden Week holiday from 1 to 7 October.
Total GGR for the first 20 days of October combined now sits at MOP$14.6 billion (US$1.82 billion) or MOP$730 million (US$91.1 million) per day – suggesting final October GGR should come in at around MOP$21 billion (US$ 2.62 billion) or MOP$670 million (US$83.6 million) per day to comfortably beat consensus (MOP$20 billion).
In a Monday note, JP Morgan analysts said mass GGR for the month has recovered to between 110% and 115% of the pre-COVID level with VIP at ~25% recovery, tracking ahead of the prior quarter’s recovery rates of 105% to 110% for mass and 23% to 25% for VIP.
“We may not extrapolate this for a full quarter as the figure was boosted by a very strong Golden Week, but it is encouraging to see that the recovery rate is rebounding so far after two quarters of sequential pull-back,” they wrote.
With Las Vegas Sands set to kick off 3Q24 earnings season this Thursday morning local time, JP Morgan said investors will scrutinize the sustainability of the above-seasonal momentum for the rest of the quarter to get a true sense of “demand inflection” for Macau’s gaming operators, particularly in the wake of recent stimulus measures announced by Beijing.
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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