Macau: Morgan Stanley estimates Feb GGR at USD 1.39 B, citing gaming and hotel recovery
Monday 13 de February 2023 / 12:00
2 minutos de lectura
(Macau).- Brokerage Morgan Stanley expects February gross gaming revenue at MOP11.2 billion (US$1.39 billion), stressing that Macau gaming demand, average hotel occupancy rates and daily room prices remain robust even after the Chinese New Year holiday.
Macau gaming remains strong post Chinese New Year, with casino traffic and minimum bets staying high, even though the SAR typically becomes quiet after Lunar New Year holidays, Morgan Stanley analysts Praveen K Choudhary and Gareth Leung noted in a recent report.
China air capacity to Macau recovered to 70 per cent of pre-Covid levels in February, an encouraging sign in terms of the premium mass market as most higher-end customers travel by air, the investment bank underlined.
Also, the average hotel occupancy rates and daily room rates remain robust after the CNY holiday, based on a hotel survey conducted by the two analysts.
Hotel occupancy rates have appeared to be even stronger than the pre-pandemic levels, with 9 out of 25 surveyed hotels fully booked from 18 to 24 February.
Current average daily room rates are doing even better than the May Golden Week 2021, the best holiday since Covid, and most of the hotels registered much stronger room rates compared with the figure reported in 2019.
The gross gaming revenue for the first week of February was tracking at MOP 376 million per day, an increase of 36 per cent year-on-year, 31 per cent higher than the January daily gross gaming revenue.
As Chinese package tours resumed from 6 February, Morgan Stanley analysts expected February’s gross gaming revenue at MOP11.2 billion, representing 44 per cent of the figure recorded in the same period in 2019.
The brokerage said that if February’s gross gaming revenue turned out strong, the market could revise its 2024 estimates upwardly.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Merkur Group Shines in Barcelona with Triple ICE Triumph
(Espelkamp/Barcelona).- Merkur Group secures three prestigious international accolades for operational excellence, social commitment, and standout exhibition experience.
Friday 06 Feb 2026 / 12:00
Eduardo Aching: "ICE 2026 was an exceptional event for Konami and its casino partners"
(Barcelona, SoloAzar Exclusive).- Eduardo Aching, Vice President of iGaming & International Gaming Operations at Konami Gaming, reflects on the company’s standout participation at ICE 2026, the strong reception to Solstice 49C and Konami Online Interactive, and the strategic push toward emerging regulated markets and expanded global partnerships.
Friday 06 Feb 2026 / 12:00
Belatra Games Strengthens LatAm Expansion and Innovation Strategy After ICE Barcelona 2026
(Barcelona, SoloAzar Exclusive).- Kateryna Goi, Chief Marketing Officer at Belatra Games, shares her assessment of the company’s participation in ICE Barcelona 2026, the quality of industry engagement at the event, and the strategic priorities shaping Belatra’s growth in 2026, with a strong focus on Latin America and narrative-driven innovation.
Friday 06 Feb 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.