GGRAsia’s Post

Macau’s gross gaming revenue (GGR) averaged MOP514 million ($63.92 million) per day in the last week (June 17th to 23rd), which is nearly 65 percent of the 2Q19 level. Meanwhile, the mass market performance remains strong at 90-95 percent of 2Q19 levels.

Macau’s gaming sector is expected to register a notable decline in gross gaming revenue (GGR) for November 2024, according to recent projections from Bank of America. The anticipated drop of 13.5 percent from October is attributed to seasonal trends and the disruption caused by the Macau Grand Prix. #macau #sports #grandprix #igaming #gambling #investment #gamingindustry #seasonaltrends #asiacasinonews

Macau's casino industry saw mixed results in June 2024, with MOP17.69 billion in gross gaming revenue (GGR). While this marks a 16.4% increase from June 2023, it's a 12.4% decrease from May 2024's record MOP20.2 billion. Despite June being the lowest monthly total this year, the first half of 2024 shows a 41.9% increase in GGR compared to last year, proving steady recovery from the pandemic. Experts predict 2024 GGR to reach 88% of 2019 levels, with the Macau government targeting MOP216 billion for the year. Despite the June dip, the outlook remains positive for Macau's gaming sector. #Macau #CasinoIndustry #GamingRevenue #EconomicRecovery #GGR #IndustryInsights #BusinessGrowth

CLSA forecasts the sector’s gross gaming revenue (GGR) to grow by 4 percent year-on-year, reaching $29.3 billion in 2025. It emphasizes that expanding market share will be pivotal in navigating this subdued growth environment.

https://lnkd.in/giXcNPzg When we decided to put in the time and effort to generate business in Macau I was told I was crazy and would wasting tons of money. In fact, its the best business decision I have made in the past 10 years 12/02/24     With myFocus you can edit your personalised news feed, follow topics and more. Start now! Dismiss Share Gross gaming revenue was down 11.3 per cent sequentially but up 14.9 per cent year-on-year. Macau.- The Gaming Inspection and Coordination Bureau has reported that Macau’s gross gaming revenue (GGR) for November was MOP18.4bn (US$2.31bn). That’s a decrease of 11.3 per cent compared to the previous month but a rise of 14.9 per cent in year-on-year terms. Compared to the same month in 2019, the figure was down by 19.4 per cent. Cumulatively, Macau’s GGR for the first eleven months of 2024 was MOP208.6bn (US$26.1bn), up 26.8 per cent year-on-year but down 22.6 per cent below the same period in 2019. GGR for October was MOP20.79bn (US$2.60bn), an increase of 6.6 per cent year-on-year and 20.5 per cent compared to the previous month. It was the city’s best monthly performance since January 2020 (MOP22.13bn). GGR to reach US$30.2bn in 2025, analysts say Citigroup has predicted that gross gaming revenue (GGR) in Macau will reach MOP242.5bn (US$30.2bn) in 2024, surpassing the government’s forecast by 1 per cent. The total would be 83 per cent of the 2019 level. As for 2026, analysts said GGR could reach MOP261.9bn or 90 per cent of the 2019 level.

SJM Holdings has reported its financial results for full-year 2023. Net gaming revenue came to HK$20.06bn (US$2.57bn), up 229.3% from the HK$6.1bn reported for full-year 2022. Other income, including hotels, catering and retail were also up, making HK$1.82bn for growth of 191.3%.  https://lnkd.in/dwvzdG4Z

In an investment memo, CLSA notes that intact gaming demand plus policy support have contributed to visitation. Macau’s GGR in May achieved a new post-COVID high, reaffirming that demand for gaming in Macau remains intact, although the overall level is still 22 percent below May 2019 levels.

Macau’s gaming sector is expected to register a notable decline in gross gaming revenue (GGR) for November 2024, according to recent projections from Bank of America. The anticipated drop of 13.5 percent from October is attributed to seasonal trends and the disruption caused by the Macau Grand Prix. #macau #sports #grandprix #igaming #gambling #investment #gamingindustry #seasonaltrends #asiacasinonews

With positive momentum observed so far this month, Macau’s gaming revenue appears set to meet Bank of America’s forecast for November, which predicts total GGR to reach MOP18 billion ($2.25 billion). This would represent a 12 percent year-on-year increase, bolstered by a relatively low base from last year.

The NYSE-listed international digital gaming company that offers first-class entertainment to the betting and gaming world, Super Group (SGHC), has announced its financial reports for the full year 2023 and the fourth quarter of 2023. With a guidance-exceeding record revenue of €1.4 billion ($1.52 billion) for 2023 and the highest total revenue registered during a fourth quarter in the company’s history at €359.9 million ($392.17 million), Super Group saw its shares trade 11% higher on March 6. The holding company for leading global online sports betting and gaming businesses Betway and Spin has reported a revenue boost of 9% in Q4 2023, from €329.1 million ($358.6 million) in the same quarter of 2022 to the previously mentioned €359.9 million ($392.17 million). Read the full article ➡ https://lnkd.in/dvUjEv-8 #finance #gambling #gamblingnews #business #global