Macau's GGR sees a modest increase at the start of the month
Wednesday 07 de August 2024 / 12:00
2 minutos de lectura
(Macau).- The zone gross gaming revenue (GGR) has seen a slight uptick as early August unfolds, with GGR averaging around MOP625 million (US$78 million) per day over the last four days.
According to a recent note by investment bank UBS AG, the figure reflects a 4 per cent increase compared to the July level.
This growth is believed to be influenced by a ‘favourable calendar mix’, with two weekdays and two weekends contributing to the positive trend.
Analysts Angus Chan, Perry Yeung, Ryan Lau, and Robin M. Farley has noted that this recent performance aligns closely with the seasonal patterns observed between 2015 and 2019, showcasing a month-over-month hike of about 2 per cent.
The current GGR run rate stands at around 82 per cent of the level observed in the third quarter in 2019, with mass GGR reaching between 110 per cent and 115 per cent of the same quarter in 2019.
Breaking down the data by segments, mass GGR has seen a moderate range of 2 to 4 per cent rise month-over-month, while VIP volume experienced a slight decline ranging from 3 to 5 per cent month-over-month, with VIP hold rates hovering around 3.1 to 3.3 per cent.
Despite prevailing macroeconomic uncertainties, visitor arrivals have demonstrated resilience, with daily visitation averaging about 103,000 in the final six days of July, up from an average of 96,000 in the first 25 days of the month.
“We expect expansion of IVS eligible cities and a busier event schedule to drive higher visitation in August, which should partly moderate the drag from ongoing law enforcement against illegal money exchangers,” the analysts penned.
At least 18 entertainment events have been scheduled by casino operators for this month and the next two months.
Categoría:Others
Tags: Sin tags
País: Macao
Región: Asia
Event
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.