• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau early Jan GGR down 9pct on end Dec: Bernstein

Jan 11, 2022 Newsdesk Latest News, Macau, Top of the deck  


Macau early Jan GGR down 9pct on end Dec: Bernstein

Macau casino gross gaming revenue (GGR) for the first nine days of January was down more than 9 percent compared to the final third of December, with the average daily rate at MOP266 million (US$33.1 million) versus MOP293 million in the last 12 days of December, said a Monday note from brokerage Sanford C. Bernstein Ltd, citing its own “channel checks”. The figure for the first nine days of January was still an improvement on the MOP257-million average daily rate for the full month of December.

Macau’s month-to-date GGR of MOP2.4 billion was down – in terms of average daily rate – by 67 percent compared to January 2019’s average daily rate of MOP805 million, but up 3 percent year-on-year versus January 2021’s average daily rate of MOP259 million, said analyst Vitaly Umansky.

“During January 2022 month-to-date, VIP average daily rolling volume was down 50 percent month-on-month as junket activity continues to wind down – December 2021 VIP volume was already down 40 percent to 45 percent month-on-month, and the majority of VIP GGR was generated by direct VIP,” wrote Mr Umansky.

He added: “Daily mass GGR was strong and up by 10 percent to 15 percent from December 2021.”

The memo stated: “VIP is – and will most likely remain – weak as the junket business is being retrenched.” The mass segment had been “performing well” as visitor volume to Macau “further increased during the New-Year holiday weekend”.

The institution said – citing official data and its own research – that the average daily volume of arrivals and departures by visitors to Macau for December 30 to January 5 inclusive, was 63,000, i.e., up 5 percent on the prior week. Sanford Bernstein also stated that daily visitor volume for January 1 to 5 inclusive, had been up 17 percent on the monthly average in December.

But the brokerage voiced some caution regarding mainland China’s Covid-19 outlook. According to media reports, a number of local Covid-19 cases has been detected in Shenzhen, Guangdong, near that mainland province’s border with Hong Kong. Macau also shares a border with Guangdong.

All ferry services between Macau and Shenzhen have been halted since Sunday (January 9), until further notice. The suspension was confirmed by the Macau government in a Saturday written announcement.

On Monday, the Global Times, a mainland newspaper, reported that the Chinese mainland had  reported a total of 157 new Covid-19 cases, of which 97 were locally transmitted infections. The majority of cases were in central China’s Henan province, with 60 cases, stated the newspaper.


  • tweet
Related articles
  • Macau ops track earlier recovery after Jan GGR: analyst
    Macau ops track earlier recovery after...

    Feb 01, 2023  

  • January travel lift, CNY sees Macau GGR up 233pct m-o-m
    January travel lift, CNY sees Macau GGR...

    Feb 01, 2023  

More news
  • Prominent locals speak in court for Tak Chun boss Levo Chan
    Prominent locals speak in court for Tak...

    Feb 01, 2023  

  • LVS amends US$1.5bln loan facility, dividends restricted
    LVS amends US$1.5bln loan facility,...

    Feb 01, 2023  


Latest News

Macau ops track earlier recovery after Jan GGR: analyst

Macau ops track earlier recovery after Jan GGR: analyst

Feb 01, 2023  

Most of Macau’s casino operators are likely to generate positive free cash flow in the first quarter, given the robust recovery level of mass-market gross gaming revenue (GGR) in January, relative...
Read More
Prominent locals speak in court for Tak Chun boss Levo Chan

Prominent locals speak in court for Tak Chun boss Levo Chan

Feb 01, 2023  

January travel lift, CNY sees Macau GGR up 233pct m-o-m

January travel lift, CNY sees Macau GGR up 233pct m-o-m

Feb 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us