Macau: Sept to deliver US$2,12 billion in GGR
Friday 20 de September 2024 / 12:00
2 minutos de lectura
(Macau).-According to J.P. Morgan and Citi, GGR for the first 15 days of the month stood at MOP8.5 billion.
Macau casinos are poised to generate a gross gaming revenue (GGR) of at least MOP17 billion (US$2.12 billion) for September, based on a daily run-rate of around MOP566 million calculated by industry analysts.
According to J.P. Morgan and Citi, GGR for the first 15 days of the month stood at MOP8.5 billion.
Last week’s run-rate edged down to MOP535 million per day – versus MOP593 million per day a week earlier.
August pulled off a daily average of MOP637 million, making it the second-best performance since all the Covid-pandemic restrictions were dismantled in early 2023.
“[…] but for 3QTD, we estimate mass GGR is running at 105-110% of pre-COVID levels vs. VIP at low/mid-20%s,” wrote analysts DS Kim, Mufan Shi, and Selina Li.
The analysts expect the Q3 GGR to be “flattish” quarter over quarter, meaning that it would be “below historical seasonality of +2-3% q/q”.
In his note, Citi analyst George Choi pointed out that VIP volumes appeared to be down eight to ten per cent month over month while mass volumes were down ten to twelve per cent.
“Although volumes seem to be significantly weaker WoW, we suspect this reflects some players choosing to postpone their Macau trips till the Mid-autumn Festival,” he wrote.
Different from J.P. Morgan’s prediction of MOP17 billion for September, Choi believes that a range of MOP17.75 billion to MOP18.25 billion is possible.
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
SBC Summit Lisboa 2024
24 de September 2024
Tap Games Successful presentation of Onlyplay gaming innovations at SBC Summit in Lisbon
(Lisbon, SoloAzar Exclusive).- Christina Muratkina, CEO Onlyplay, granted an interview to SoloAzar, in which she shared impressions about the firm at recent SBC Summit. She is also optimistic about new opportunities for Onlyplay in Europe, due to the evolution of the regulatory framework, contributing to a safer and more attractive environment for players and operators alike.
Friday 04 Oct 2024 / 12:00
New partnerships and successful WorldMatch presentation at SBC Summit Lisbon 2024
(Lisbon, Exclusive SoloAzar).- In a recent interview with Gabriele De Lorenzi, director of WorldMatch, during the SBC Summit Lisbon, held from 24-26 September, he discussed key issues about the company's participation in the event and the relevance of the Portuguese market for the future of the gaming industry.
Friday 04 Oct 2024 / 12:00
Zitro Digital causes a sensation at SBC Summit Lisbon: José Javier Martí reveals the secrets of success
(Lisbon, SoloAzar Exclusive) - José Javier Martí, COO at Zitro Digital, shared his impressions of the SBC Summit Lisbon, held 24-26 September 2024. Below, we explore his vision for market growth and his strategy for moving the gaming industry forward.
Thursday 03 Oct 2024 / 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.