Macau GGR climbs back to highest non-holidays level since pandemic
Tuesday 13 de June 2023 / 12:00
⏱ 1 min read
(Macau).- Macau’s gross gaming revenues are on the rise again, over the past week reaching their highest non-holidays levels since China eased most remaining border restrictions in January.
According to weekly channel checks conducted by investment bank JP Morgan, GGR for the first 11 days of June reached MOP$5.5 billion (US$681 million) or MOP$500 million (US$62 million) per day. Given that the previous few weeks had been negatively impacted by a seasonal lull, this implies the past week’s run-rate was MOP$530 million (US$66 million) – up from MOP$450 million (US$56 million) recently.
JP Morgan’s DS Kim and Mufan Shi said the opening of Jacky Cheung’s month-long weekend residency at Sands Cotai Arena and the Grand Opening ceremony of SJM’s Grand Lisboa Palace helped drive the weekly recovery alongside seasonality.
Nevertheless, they still expect the absolute level of GGR to soften in June given seasonality, estimating gaming revenues of around MOP$14.5 billion (US$1.80 billion) – down from MOP$15.6 billion (US$1.93 billion) in May.
Despite the monthly decline, the analysts said, “Quarter-to-date trends suggest casinos will see strong 2Q results that should continue to beat consensus with mass and EBITDA likely recovering 80%+ and 65%+ of pre-COVID levels.
“2Q results release will coincide with the summer holiday season – which will be the first holiday since reopening with no hotel/labor constraints, by which time we hope investment sentiment will stabilize to appreciate bottom-up fundamental improvements.”
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.