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
GAT Expo CDMX 2025
28 de August 2025
Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025
(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.
Tuesday 16 Sep 2025 / 12:00
GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico
(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.
Monday 15 Sep 2025 / 12:00
21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico
(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.
Monday 15 Sep 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.