Tuesday, April 23, 2024

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Macau 1Q mass GGR at 112% of 1Q19 levels

In Q1, Macau Gross Gaming Revenue (GGR) experienced a 6 percent quarter-on-quarter growth, reaching MOP57 billion ($7.06 billion), equivalent to 75 percent of pre-COVID-19 levels.

Daily Asia Gaming eBrief: Macau 1Q24 GGR sees VIP return in droves

The sport of whale watching is never abandoned in Macau, as evidenced by the results from the first quarter of the year, published by the region's gaming watchdog.

CLSA projects Macau GGR to grow 34% this year, reaching $30.3B

Macau’s 2024 gross gaming revenue (GGR) is likely to be up 34 percent from 2023, according to the brokerage CLSA, which says the forecast is 3.5 percent higher than its prior estimates after a positive Chinese New Year.

Citigroup backs smart gaming tables in Macau, citing effect on boosting GGR

In assessing the long-term prospects of the Macau gaming industry, brokerage firm Citigroup highlights the significant impact of the widespread adoption of smart gaming tables on its growth.

Citi forecasts Macau to reach 78% of pre-pandemic GGR in April

Macau's anticipated casino gross gaming revenue (GGR) for April is expected to reach MOP18.5 billion ($2.3 billion), averaging around MOP617 million daily, according to a memo from Citigroup released on Monday.

Macau March GGR reaches $2.42B, marking a new post-COVID high

Macau's gross gaming revenue (GGR) amounted to MOP19.50 billion ($2.42 billion) in March, reaching a new 49-month high.

Macau gaming resilient with mass GGR at 110%-115% of 1Q19 levels: UBS

Macau’s gaming industry has shown resilience in a seasonal low month, with its mass gross gaming revenue (GGR) still at 110-115 percent of 1Q19 levels, says UBS.

Daily Asia Gaming eBrief: Macau March GGR sees slowdown post CNY

The last month of the first quarter should be a bit calmer for Macau, as GGR slows down post-Chinese New Year. According to analysts at Macquarie, the VIP rate is seeing a recovery in the month, however, while MICE-facing operators are likely to see a boost during the month.

Macau experiences sharper GGR pullback post CNY: Goldman Sachs

The 'sharper-than-expected slowdown' post the Chinese New Year (CNY) holidays is the reason for the lower recovery rate in Macau’s gross gaming revenue (GGR) in February compared to the previous months, says Goldman Sachs.

Macau’s February GGR reaches $2.29B, down 4.4% from January 

Macau's gross gaming revenue (GGR) amounted to MOP18.5 billion ($2.29 billion) in February, reflecting a 4.4 percent decrease from January's MOP19.3 billion ($2.4 billion) and a 5.2 percent decline compared to the October high of MOP19.5 billion ($2.41 billion).