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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 GGR to record new post-COVID high in Feb: Industry insider
The deputy chairman of Ponte 16 operator Success Universe projects that Macau’s February daily gross gaming revenue (GGR) could record a post-COVID high, surpassing the highest daily GGR recorded last October.
Macau GGR hits $2.4 billion in first month of 2024
Macau’s gross gaming revenue (GGR) amounted to MOP19.3 billion ($2.4 billion) in the first month of 2024, 77 percent of the MOP24.9 billion ($3...
BEA predicts a 6% rise in contribution to Macau GGR per tourist
The Bank of East Asia (BEA) anticipates that the contribution to gross gaming revenue (GGR) per tourist in Macau may increase by 6% this year.
Macau GGR annual tally will now be more directly linked to mass market volume – Davis Fong
Due to the current prevalence of the mass market in the Macau SAR, gross gaming revenue (GGR) values will now have a more sustainable growth that correlates to any increase in its visitor volume, gaming researcher Davis Fong pointed out.
Macau GGR may reach $2.2 billion in January, says Citigroup
Citigroup anticipates that Macau's gross gaming revenue (GGR) for January 2024 will reach approximately MOP17.5 billion ($2.2 billion), achieving around 70 percent of the level recorded in January 2019, primarily influenced by seasonal factors.
Macau GGR unlikely to return to pre-COVID levels due to VIP absence: Wang Changbin
Wang Changbin, director of the Centre for Gaming and Tourism Studies at Macao Polytechnic University, says that Macau's gaming industry is unlikely to recover to pre-COVID levels, as the mass market growth is improbable to fill the gap in GGR from the VIP segment.
Macau GGR at $747 million in first 12 days of November: Citigroup
Market-wide casino gross gaming revenue (GGR) in Macau reached MOP6 billion ($747 million) in the first 12 days of November, according to estimates from Citigroup.
Macau GGR for 2024 could reach $27.4 billion, says Davis Fong
Macau's top gaming expert, Davis Fong, estimates that the city's total gross gaming revenues (GGR) could reach as much as MOP220 billion ($27.4 billion) in 2024, aligning with the government's projection.
Daily Asia Gaming eBrief: Macau GGR at $348 million in the first five days of November
Macau's November results are lagging behind the ever-popular Golden Week month of October, but gross gaming revenue still reached $348 million in the first five days. Analysts at Citigroup note that November is typically the slow month in the quarter, estimating around $2 billion in GGR during the month.
