Macau: Sept to deliver US$2,12 billion in GGR
Friday 20 de September 2024 / 12:00
⏱ 1 min read
(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
BiS SiGMA South America 2026
06 de April 2026
Álvaro Mosquera from GR8 Tech explains the company's visit to BiS SiGMA South America 2026
(São Paulo, SoloAzar Exclusive).- Álvaro Mosquera, Head of Business LatAm at GR8 Tech, describes the event as “very positive,” emphasizing key meetings with operators across Latin America and valuable insights into Brazil’s evolving iGaming market, where flexibility and local readiness are becoming critical for success.
Monday 27 Apr 2026 / 12:00
BiS SiGMA South America Breaks Records with 15,800 Delegates and a High-Octane Blend of Business and Sport
(São Paulo, SoloAzar Exclusive).– In an insightful Q&A, SoloAzar spoke with Emily Micallef, CEO of SiGMA Group, to discuss the monumental success of the 2026 edition. From the strategic local expertise driving their Brazilian operations to the "spectacle" of live MMA and football legends, she outlines the key factors that have solidified this summit as a global gaming powerhouse. Read on for the full interview and Micallef’s take on the future of the Brazilian market.
Monday 27 Apr 2026 / 12:00
Onlyplay highlights its experience at BiS SiGMA São Paulo 2026
(São Paulo, SoloAzar Exclusive).- Onlyplay team share their impressions of the latest edition of BiS SiGMA São Paulo 2026, highlighting growth opportunities, networking, and the evolution of the Latin American market.
Friday 24 Apr 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.