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Macau May GGR could grow 6% m-o-m to $2.45B: CLSA
Brokerage CLSA predicts that Macau's gross gaming revenue (GGR) in May could grow by 6 percent month-on-month, amounting to $2.45 billion.
Northbound spending fever in HK has “few” impacts on Macau GGR: experts
Hong Kong may continue to serve as one of Macau’s leading source markets, despite undergoing continuous reshaping of its consumer market, with minimal impacts on GGR.
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.
Macau gaming market share fight amid moderating pace of revenue recovery
The fight for market share among Macau gaming operators is becoming a concern among investors, while the Asia gaming hub is expected to experience a moderating pace of revenue recovery in 2024.
Macau welcomed 900k tourists during CNY with 97% hotel occupancy Â
As of 5 pm on February 14th, Macau has received 877k tourists, with the hotel occupancy rate reaching 97 percent this week.
Macau hotel prices increase 1 month before CNY break, says CLSA
Four weeks ahead of the Chinese New Year (CNY) weekend (10-11 February), CLSA's four-week leading average hotel prices have already surged by 27 percent year-on-year. Simultaneously, ten out of the 33 tracked Macau hotels operated by the broker are fully booked for that weekend.
