{"id":5880,"date":"2023-10-10T06:29:23","date_gmt":"2023-10-10T06:29:23","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/10\/10\/macaus-gaming-industry-sets-new-records-post-covid\/"},"modified":"2023-10-10T06:29:23","modified_gmt":"2023-10-10T06:29:23","slug":"macaus-gaming-industry-sets-new-records-post-covid","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/10\/10\/macaus-gaming-industry-sets-new-records-post-covid\/","title":{"rendered":"Macau\u2019s Gaming Industry Sets New Records Post-COVID"},"content":{"rendered":"<div>\n<p>Macau, the renowned gaming hub, has witnessed an impressive resurgence in its gaming industry, setting new records for daily average gross gaming revenue (GGR) in the first eight days of October. Brokerage firm Morgan Stanley reports that <a href=\"https:\/\/igaming.org\/casino-news\/macaus-reports-remarkable-gaming-revenue-recovery-in-september-2023\/\">Macau\u2019s GGR reached an estimated MOP830 million<\/a> ($103 million), surpassing all previous post-COVID records. This remarkable recovery can be attributed to a surge in visitor numbers during the 7-day Golden Week national holiday that commenced on October 1.<\/p>\n<h2>Golden Week Revenue Breakdown<\/h2>\n<p>During the initial six days of Golden Week (October 1 to 6), local casinos generated a daily average GGR of over MOP930 million ($115.3 million). However, from October 7 to 8, this rate slightly declined to MOP500 million ($62.03 million). Nevertheless, the overall performance indicated a remarkable 80% recovery in headline GGR compared to the National Day Golden Week in 2019, surpassing the 70% milestone achieved in the third quarter of this year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/7bit.partners\/p617d974b\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Mass GGR, which is a significant metric for the industry, has impressively rebounded to 110% to 120% of 2019 levels, exceeding the buy-side expectations of a 100% threshold.<\/p>\n<p>Macau\u2019s recent gaming resurgence also saw a substantial surge in high roller activity. A survey conducted by Citigroup in the premium mass market segment revealed a staggering 94% increase in the average wager per player compared to October 2019. Despite a 44% reduction in the number of gamblers, total wagers reached an impressive MOP15.53 million ($1.93 million), only 3% lower than the all-time high recorded in the past six years.<\/p>\n<p>The survey identified a record-high number of 33 high rollers, often referred to as \u2018blue whales,\u2019 who are known for their substantial bets of MOP102,993 ($12,779) per hand or more. This figure exceeded the previous record of 27 whales observed in February 2019.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Notably, the quality of these high rollers has improved significantly, with an average wager of MOP197,091 ($24,454) among the 33 whales observed in October 2023. This represents an increase of MOP34,631 ($4,296) compared to pre-COVID levels.<\/p>\n<p>In recent weeks, stock pull-backs have led to a moderation in buy-side expectations, as noted by J.P. Morgan. The risk\/reward ratio for Macau gaming stocks is now tilting favorably, with significant value found in stocks trading at 10-percent free-cash yields and an average EV\/EBITDA ratio of 9x (FY24E). These levels are two standard deviations below historical averages, prompting the brokerage to suggest that long-term investors consider strategic investments in the sector.<\/p>\n<p>Macau\u2019s gaming industry is on a remarkable upswing, and the signs of robust recovery are resonating positively with both industry experts and investors.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/macaus-gaming-industry-sets-new-records-post-covid\/\">Macau\u2019s Gaming Industry Sets New Records Post-COVID<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Macau, the renowned gaming hub, has witnessed an impressive resurgence in its gaming industry, setting new records for daily average gross gaming revenue (GGR) in the first eight days of October. Brokerage firm Morgan Stanley reports that Macau\u2019s GGR reached an estimated MOP830 million ($103 million), surpassing all previous post-COVID records. This remarkable recovery can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5880","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5880"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5880\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}