{"id":6317,"date":"2023-12-19T11:56:41","date_gmt":"2023-12-19T11:56:41","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/12\/19\/macaus-december-gaming-revenue-surpasses-expectations\/"},"modified":"2023-12-19T11:56:41","modified_gmt":"2023-12-19T11:56:41","slug":"macaus-december-gaming-revenue-surpasses-expectations","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/12\/19\/macaus-december-gaming-revenue-surpasses-expectations\/","title":{"rendered":"Macau\u2019s December Gaming Revenue Surpasses Expectations"},"content":{"rendered":"<div>\n<p>Surpassing forecasts, Macau\u2019s casino gross gaming revenue (GGR) reached an estimated MOP9 billion (US$1.12 billion) in the first 17 days of December, or about MOP529 million per day. JP Morgan Securities (Asia Pacific) Ltd. reports this encouraging result and cites industry verification.<\/p>\n<p>Based on JP Morgan\u2019s study, the casino\u2019s gross gaming revenue (GGR) increased to an estimated MOP542 million per day last week, up from MOP520 million per day the week before. This suggests a continuous increase in <a href=\"https:\/\/igaming.org\/casino-news\/macaus-gaming-industry-surges-ahead-with-impressive-10-billion-gross-revenue-in-h1-2023\/\">Macau\u2019s gaming<\/a> income for the month of December.<\/p>\n<h2>Mass GGR at Pre-Covid Levels<\/h2>\n<p>According to the most recent statistics, Macau\u2019s mass GGR is presently functioning at about 100% of pre-Covid levels. But according to reports, VIP GGR is \u201cmid- or high-teens\u201d of pre-Covid levels, mostly due to things like the operators\u2019 bad luck.<\/p>\n<p>DS Kim, Mufan Shi, and Selina Li, three JP Morgan analysts, predicted that full-December GGR may be as high as MOP17 billion, with an average daily run rate of around MOP550 million. They expect further increase in the days that remain in the month, particularly during the holidays.<\/p>\n<p>The analysts note,<em> \u201cThis would also imply fourth-quarter GGR to grow by 8 percent quarter-on-quarter (with mass being a tad stronger, say 9 percent quarter-on-quarter), which in turn could drive 8 percent to 10 percent quarter-on-quarter growth in industry EBITDA [earnings before interest, taxation, depreciation, and amortization] versus historical seasonality of 5 percent growth quarter-on-quarter before Covid-19.\u201d<\/em><\/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:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/10\/kats-casino-1.jpg\" 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:\/\/igaming.org\/site\/kats-casino\/\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats 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>250% Extra +<strong> $125 Free Chip<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 250% + $125 Free Chip<\/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:\/\/igaming.org\/site\/kats-casino\/\" 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>With a third-quarter GGR of MOP48.81 billion, Macau saw a 7.3 percent growth over the previous quarter. At MOP29.77 billion, mass-market baccarat play accounted for over 61% of the city-wide GGR total for the third quarter.<\/p>\n<p>The gambling revenue trends in Macau are favorable, indicating a strong comeback for the industry that has surpassed post-pandemic predictions.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/macaus-december-gaming-revenue-surpasses-expectations\/\">Macau\u2019s December Gaming Revenue Surpasses Expectations<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Surpassing forecasts, Macau\u2019s casino gross gaming revenue (GGR) reached an estimated MOP9 billion (US$1.12 billion) in the first 17 days of December, or about MOP529 million per day. JP Morgan Securities (Asia Pacific) Ltd. reports this encouraging result and cites industry verification. Based on JP Morgan\u2019s study, the casino\u2019s gross gaming revenue (GGR) increased to [&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-6317","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\/6317","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=6317"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6317\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}