Uncategorized

Macau February GGR tops US$2bln, down 4pct m-o-m

Casino gross gaming revenue (GGR) in Macau rose by 79.1 percent year-on-year in February to MOP18.49 billion (US$2.29 billion), according to data released on Friday by the city’s Gaming Inspection and Coordination Bureau. The result was however down 4.4 percent from January.

February’s GGR result was down sequentially despite what had been described by investment analysts as a “strong performance” during the Chinese New Year holiday period, which ran from February 10 to 17 inclusive.

JP Morgan Securities (Asia Pacific) Ltd said in a Friday note that the latest data was “falling shy” of the market’s “elevated expectations”, with player demand post- February 17, weaker than expected.

February gaming revenue “came in a tad lighter than the (elevated) consensus of MOP19 billion to MOP20 billion,” that had been anticipated, “as post- lunar new year demand seems to have slowed down a bit more than what we would have liked to see,” wrote analysts DS Kim, Mufan Shi and Selina Li.

The brokerage had said in a February 19 note that “daily GGR for the peak lunar new year holidays” on day four to day seven, was likely to have “hit the MOP1 billion-plus mark for the first time in over four years, coming in above MOP900-million-plus run-rates during last Golden Week in October”.

The latest data for the whole of February took Macau’s GGR for the first two months of 2024 to nearly MOP37.82 billion, up 72.7 percent from the prior-year period.

BY: 토토사이트

Related Posts

Pagcor Cuts Betting Platform Fees Through April 1

Alejandro Tengco, president and chief executive of the Philippine gaming regulator, said the Philippine gaming regulator is set to cut licensing fees for “online and on-site betting platforms”…

MGM China Wynn Macao Ltd.’s Dividend Surprise

Two Macau casino operators each announced their annual dividends on Thursday for the first time since the 2019 trading year before the COVID-19 pandemic, according to what one…

Macau Casino GGR $1.8 billion on March 24

Citing industry inspection results, JP Morgan Securities (Asia-Pacific) said on Monday that Macau’s total casino gross gaming revenue (GGR) daily utilization for the first 24 days of March…

Actor Shin Hyun-joon, who is serious about sports for the disabled, challenges wheelchair basketball

Shin’s challenge is his second after para ice hockey, which he played with Captain Han Min-soo, the main character of the 2018 PyeongChang Paralympic bronze medal, in December…

Should I Fill Shohei Ohtani’s Vacancy with Votto?

Should I Fill Ohtani’s Vacancy with Votto? MLB Angels ‘Eating Mustard While Crying’ The Los Angeles Angels, who had to send Shohei Ohtani (29), who became a free…

KT Wes Benjamin, Who Returned 11 Runs to 11K

KT Benjamin, Who Returned 11 Rruns to 11K, “Successfully Took Revenge on Hanwha” KT Wiz foreign starter Wes Benjamin succeeded in getting revenge against the Hanwha Eagles. Benjamin…

Leave a Reply

Your email address will not be published. Required fields are marked *