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 Americas 2025
13 de May 2025
SBC Summit Americas 2025: Everything about the panel "The Role of Laboratories and Certifications in the Latam Industry"
(Fort Lauderdale, SoloAzar Exclusive).- As part of SBC Summit Americas 2025, held from May 13 to 15 in Florida, the panel "The Role of Laboratories and Certifications in the Latam Industry" focused on the importance of technical standards and certification in the industry. Here are some of the highlights.
Wednesday 28 May 2025 / 12:00
21VIRAL at SBC Summit Americas 2025: Strengthening Partnerships & Embracing Innovation in LATAM Gaming
(Fort Lauderdale, SoloAzar Exclusive).- Mr Christoph Härtel, CEO of 21VIRAL, commented why SBC Summit Americas is a crucial event for the gaming industry. Among other issues, he said that insight on regulatory changes will shape how 21VIRAL approaches its market strategy. Read more in this unmissable Q&A session!
Tuesday 27 May 2025 / 12:00
The Live Gaming Revolution: AI and Real-Time Betting at SBC Summit America 2025
(Fort Lauderdale, SoloAzar Exclusive) – “The Rise of Real-Time Gaming: The Future of Live Betting” was one of the keynote presentations held within the recent SBC Summit America 2025. In this article, we share the highlights of the innovations that are redefining the betting experience and their impact on the future of the industry.
Tuesday 27 May 2025 / 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.