US$350 M in casino revenue for Nov possible en Macau: JP Morgan
Monday 06 de November 2023 / 12:00
⏱ 1 min read
(Macau).- Macau’s gross gaming revenue (GGR) has reached an estimated MOP2.8 billion (US$350 million), equivalent to MOP560 million per day, in the first five days of November, according to a forecast from J.P. Morgan Securities (Asia Pacific) on Monday.
The figure aligns with the levels seen during the summer holiday in August, when MOP555 million per day was recorded, analysts DS Kim, Mufan Shi, and Selina Li pointed out.
The performance is viewed as “pretty good print” considering the “soft seasonality of the month”.
Market expectations, as J.P. Morgan noted, have projected a daily run-rate of MOP530 million to MOP540 million, or about MOP16 billion for the full month, making it a positive sign.
According to the analysts, mass GGR has appeared to be operating comfortably at over 100 per cent of pre-Covid levels, indicating a strong recovery, compared to an around 95 per cent recovery in the third quarter of the year.
Meanwhile, VIP demand remains steady at approximately 23 to 25 per cent of pre-pandemic levels – consistent with the previous months and quarters.
“More importantly, the print gives us comfort that the consensus revision cycle should stabilise after the mini-downgrade cycle in the recent 6 to 8 weeks,” the analysts said.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 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.
