Aug 07, 2023 Newsdesk Latest News, Macau, Top of the deck  
Macau’s casino gross gaming revenue (GGR) is estimated to have reached MOP3.2 billion (US$398 million) in the first six days of August, or MOP533 million a day during that period, which appears “flattish” when compared with the average daily GGR of MOP537 million in July, suggested JP Morgan Securities (Asia Pacific) Ltd in a Monday memo.
“While it’s tough to draw any meaningful trends from six-day data, this implies mass GGR is comfortably tracking at 90-percent-plus of the pre-Covid level; we continue to expect it to ramp up to 100-percent-plus recovery by October,” wrote JP Morgan’s analysts DS Kim and Mufan Shi.
Macau’s casino GGR had probably already recovered in July to “100 percent-plus” of 2019-level in terms of the premium mass segment, JP Morgan Securities suggested in a previous memo, following the Macau government’s release of the July GGR figure.
With the July performance – which tallied MOP16.66 billion for the full month – JP Morgan suggested that the overall mass segment had recovered to 92 percent to 93 percent of pre-Covid level, versus 87 percent to 88 percent in the second quarter this year.
The institution currently estimates Macau’s GGR generated in the mass-market segment to reach 95 percent of 2019 levels by the third quarter this year, and to 104 percent of pre-pandemic levels in the fourth quarter, the Monday memo noted.
That would put Macau-wide full-year 2023 GGR generated in the mass segment at an estimated MOP158.1 billion, and the overall GGR at MOP184.2 billion.
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Macau’s September casino gross gaming revenue (GGR) fell by 13.2 percent month-on-month, to MOP14.94 billion (US$1.85 billion), according to a Sunday announcement from the local regulator, the...(Click here for more)
”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”
Matt Wilson
Chief executive of casino equipment provider Light & Wonder