Macau GGR reaches US$261 M for first eight days of January, highest in almost a year
Wednesday 11 de January 2023 / 04:00
2 minutos de lectura
(Macau).- Macau’s casino operators generated gross gaming revenues of MOP$2.1 billion (US$261 million) for the first eight days of January, representing recovery to 30% of 2019 levels and the highest weekly total since February 2022, according to investment bank JP Morgan.
Resuming its weekly GGR channel checks following the reopening of borders between Macau, mainland China and Hong Kong on Sunday, JP Morgan analyst DS Kim noted that the estimated GGR figure of MOP$260 million (US$32.3 million) per day for 1 to 8 January was more than double the MOP$120 million (US$14.9 million) average for both 4Q22 and FY22. It was also “very encouraging” given it included only one day of full border reopening on 8 January.
“The print implies a mass GGR recovery of 45% to 50% of pre-COVID-19, if we assume that VIP accounted for 10% to 15% of this MOP$260 million print,” he wrote, adding that the signs were increasingly good ahead of the upcoming Chinese New Year holiday period.
“The current trend is already above our modelled 35% to 40% mass recovery for LNY, clearly suggesting upside risk to near-term numbers.
“It seems that Macau hotels will likely be near-sold-out for the holiday (in fact, good/affordable rooms are already not easy to find even for the coming days and weekend, a typical lull period before the long holiday), and we wouldn’t be surprised to see mass demand hitting 50%+ of 2019 [during CNY].
“If this happens, it should comfortably beat both sell-side and buy-side expectations, in our view.”
As reported by Inside Asian Gaming, visitation to Macau reached almost 40,000 on Sunday, including more than 5,600 visitors from Hong Kong following the removal of long-standing border restrictions and the resumption of ferry services.
by Ben Blaschke
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 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.