agot24
Macau welcomed a total of 166,562 tourists on Saturday, according to provisional data disclosed by the Macao Government Tourism Office (MGTO) in a press release. This figure marked the highest single-day arrival number for the summer holiday period, which began on July 1.
The latest tally represents a 7.5 percent increase compared to the highest single-day total during the same period in 2019, the last comparable period prior to the Covid-19 pandemic.
In 2019, the highest single-day arrival figure for the summer holiday period was recorded at 154,957 on July 27, according to MGTO.
The tourism office added that international tourism to Macau was also “rebounding”, with the number of international visitors during the summer holiday period recovering to 74.9 percent of the levels seen during the same period in 2019.
https://www.ggrasia.com/macau-hits-166k-visitors-in-single-day-surpasses-2019-levels/
jun24
Macau is likely to see circa 28 percent year-on-year growth in casino gross gaming revenue (GGR) this year, and 10 percent growth in 2025, says a Thursday update from Fitch Ratings Inc.
Using its 2024 estimate as a basis – a figure Fitch maintains from an assessment it issued in the first quarter – would put Macau 2025 GGR at around MOP258.00 billion (US$32.08 billion).
That would be about 88.0 percent of the city’s pre-pandemic 2019 GGR, which stood at just under MOP292.46 billion, according to data from Macau’s regulator, the Gaming Inspection and Coordination Bureau.
In March, Fitch had said it was likely Macau’s 2024 GGR would recover to circa 80 percent of the pre-pandemic trading year of 2019.
https://www.ggrasia.com/macau-2025-ggr-to-be-88pct-of-pre-covid-says-fitch/
jun24
A new paper on the post-pandemic reality of Macao’s gaming industry says the city’s biggest money-earner has developed “new characteristics” that mean “stable” growth can be expected at best. Published in the latest edition of Macau Polytechnic University’s Global Gaming & Tourism Research, the report drives home the fact that gambling has entered a new – less prominent – era in Macao, when compared with the meteoric expansions of the 2000s and 2010s.
The report noted that Macao’s gaming recovery had been “relatively slow” compared to that of the US and Southeast Asia. In the US, for example, Las Vegas’ gross gaming revenue in 2021 – midway through the pandemic – had already exceeded 2019’s level. It went on to set consecutive records in 2022 and 2023, while Macao’s 2023 GGR was just 62 percent of its pre-pandemic level.
Crucially, the report casts doubt on whether Macao’s gaming industry could ever return to its pre-pandemic “ultra-rapid growth” trajectory, and cites several reasons for pessimism. One was increased competition, as more Asian cities open additional casinos and market them to Chinese gamblers. Other reasons were the government’s crackdown on junket operators, which previously contributed massive amounts of money to the SAR’s casinos’ coffers, and the industry’s pivot from VIP to mass gaming.
https://macaonews.org/news/business/macau-casinos-gambling-industry-forecast-outlook-growth/
ap24
Chief Executive Ho Iat Seng acknowledged yesterday that Macau’s economic development is “currently facing new challenges”, but he underlined the city’s “promising” development prospects with its economic development “full of vitality, dynamism and potential”.
Ho did not elaborate on the “new challenges”.
The chief executive made the remarks when delivering a speech during a reception at The Plaza Restaurant in Zape marking tomorrow’s International Workers’ Day hosted by the Macau Federation of Trade Unions, commonly known as Gung Luen in Cantonese.
Ho noted that this year marks the 75th anniversary of the founding of the People’s Republic of China (PRC) and the 25th anniversary of Macau’s return to the motherland.
https://www.macaupostdaily.com/article21368.html
Fev24
PAGAMENTO DIVIDENDOS
Macau casino operator Galaxy Entertainment Group Ltd reported fourth-quarter 2023 adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of just under HKD2.81 billion (US$358.7 million). The result was up 1.4 percent sequentially, and compared with a negative figure of HKD163 million in fourth-quarter 2022. Galaxy Entertainment also announced a special dividend of HKD0.30 per share, payable on April 26. The group paid a special dividend of HKD0.20 per share on October 27, which had been mentioned with its interim results. He added: “We are the first Macau concessionaire to resume dividends and return capital to shareholders after the border reopened. These dividends demonstrate our continued confidence in the longer-term outlook of Macau and for the company.” https://www.ggrasia.com/galaxy-ent-4q-ebitda-us359mln-announces-dividend/
mar24
In what a brokerage described as “a surprise”, two Macau casino operators respectively announced on Thursday annual dividends for the first time since the 2019 trading year preceding the Covid-19 pandemic.
The dividend move was “a year earlier than… the Street [investment community] had expected,” said JP Morgan Securities (Asia Pacific) Ltd in a Friday note.
“This means three out of six [Macau] operators are now paying dividends, including Galaxy [Entertainment Group Ltd] and we expect Sands [China Ltd] to follow suit next year… while Melco [Resorts & Entertainment Ltd] and SJM [Holdings Ltd] may prioritise deleveraging for some time,” wrote analysts DS Kim, Mufan Shi, and Selina Li.
MGM China Holdings Ltd flagged a final dividend for 2023 of HKD0.243 (US$0.0307) per ordinary share, payable on June 20, subject to approval by its annual meeting.
The company – which runs the MGM Macau and MGM Cotai properties – also declared a special dividend of HKD 0.104 per share, payable on April 12.
The two dividends combined represented 50 percent of the 2023 profit attributable to the owners of the firm, said MGM China.
Wynn Macau Ltd – operator of the Wynn Macau and Wynn Cotai casino resorts – announced a 2023 final dividend of HKD0.075 per share, payable on June 19.
https://www.ggrasia.com/dividends-surprise-from-mgm-china-wynn-macau-ltd-jpm/
fev24
Durante o pico do Ano Novo Lunar, concretamente entre o quarto e sétimo dias do período de feriados, as receitas brutas diárias dos casinos de Macau terão ascendido a mais de mil milhões de patacas, “pela primeira vez em mais de quatro anos”, superando a média registada na Semana Dourada de Outubro do ano passado (mais de 900 milhões), adiantou ontem o banco de investimento JP Morgan. Os analistas DS Kim, Mufan Shi e Selina Li estimam que as receitas do mercado de massas do jogo aumentaram 120% ou mais, comparativamente ao Ano Novo Lunar de 2019, situando-se “10 pontos percentuais acima do ritmo de recuperação nos últimos meses”. No conjunto dos primeiros 18 dias de Fevereiro, as receitas brutas dos casinos totalizaram cerca de 12,5 mil milhões de patacas, a uma média diária de 694 milhões, indica o relatório, salientando que os números reflectem “uma recuperação de cerca de 75% em relação ao período comparável de 2019”. Ainda assim, os analistas ressalvam que as comparações são “desafiadoras”, uma vez que os dados em causa também cobrem a fase de “calmaria” antes da época festiva. O JP Morgan prevê que as receitas subam mais de 80% em Fevereiro, face ao ano anterior, para cerca de 19 mil milhões, o que corresponderia a uma média diária superior a 650 milhões, a mais elevada desde o início da pandemia.
https://jtm.com.mo/local/receita-diaria-jogo-tera-ultrapassado-mil-milhoes-pico-ano-novo-chines/
fev24 (pagamento de dividendos)
Fitch Ratings Inc now expects Macau casino operator Sands China Ltd to resume dividend payments “in 2026”, it said in a Thursday note. In a previous update in July, the institution had mentioned such payments might resume in 2025.
The credit institution has upped the long-term issuer default ratings for Sands China’s parent Las Vegas Sands Corp, as well as for the Macau unit and the Singapore unit, Marina Bay Sands Pte Ltd, to investment grade, i.e., ‘BBB-’ from ‘BB+’. The institution described the group’s rating outlook as ‘stable’.
Factors in its decision included anticipated improvement in the overall group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) leverage.
https://www.ggrasia.com/fitch-now-thinks-sands-china-dividend-resumption-in-2026/
jan24
O mercado de massas do jogo representou 75,3% das receitas brutas dos casinos de Macau em 2023 e atingiu cerca de 88% do nível registado no ano anterior à pandemia, revelam dados da Direcção de Inspecção e Coordenação de Jogos. Já as receitas do bacará corresponderam a apenas um terço da era pré-covid
https://jtm.com.mo/local/mercado-de-massas-jogo-recuperou-88-em-2023/
jan24
Macao government officials have announced a target of 33 million visitor arrivals for 2024, TDM reports. That would mean a 17 percent year-on-year increase, and represent 84 percent of 2019’s figure (the last full year before the Covid-19 pandemic decimated tourism).
Macao Government Tourism Office (MGTO) director, Maria Helena de Senna Fernandes, said the government was investing in activities targeting mainland Chinese, who make up the vast majority of the SAR’s visitors.
These included events around the 25th anniversary of the establishment of the SAR – and a Macao Week series of promotions across China to be held later in the year.
https://macaonews.org/news/business/macau-2024-tourism-forecast-outlook-target-macao/
jan24
Market share
- Sands China – Nov. 2019: 24 percent; Nov.2023: 24.5 percent
- Galaxy – Nov. 2019: 19.5 percent; Nov. 2023: 16.5 percent
- MGM China – Nov. 2019: 10 percent; Nov. 2023: 16.5 percent
- SJM – Nov. 2019: 16.5 percent; Nov. 2023: 13 percent
- Melco – Nov. 2019: 16.5 percent; Nov. 2023: 15.5 percent
- Wynn – Nov. 2019: 13.5 percent; Nov. 2023: 14 percent
https://agbrief.com/intelligence/deep-dive/09/01/2024/under-the-scope-2023-winners-and-losers-in-macau-the-philippines-and-singapore/?utm_source=Asia+Gaming+Brief&utm_campaign=07a84f893e-AGB%3A+%2301817+Wednesday%2C+10th+January%2C+2024&utm_medium=email&utm_term=0_51950b5d21-07a84f893e-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2301817+Wednesday%2C+10th+January%2C+2024%29&goal=0_51950b5d21-07a84f893e-%5BLIST_EMAIL_ID%5D&mc_cid=07a84f893e&mc_eid=31e20475e6
jan24
Macau’s mass gross gaming revenue (GGR) in the fourth quarter of 2023 exceeded pre-Covid levels for the first time since the reopening of borders, reaching over 105 per cent of the 2019 level, brokerage firm J.P. Morgan reported. In a Monday note, J.P. Morgan stated that mass GGR in the fourth quarter experienced a quarter-on-quarter growth of 12-13 per cent, reaching a record high of MOP48.6 billion (US$6 billion). Meanwhile, headline GGR rose by over 11 per cent quarter-on-quarter to MOP588 million per day. This growth rate doubled the historical seasonality of over 5 per cent and represented a recovery to 75 per cent of the pre-pandemic level.
https://www.macaubusiness.com/macaus-mass-ggr-exceeds-2019-levels-in-q4-2023-j-p-morgan/
jan24
Macau’s tourism industry ended 2023 on a high, setting a new post-pandemic record of 175,030 daily visitors on New Year’s Eve, according to provisional data from the Macau Government Tourism Office (MGTO).
The city welcomed about 28.23 million visitors in full-year 2023, a daily average of circa 77,000, said the tourism office in a Monday press release. The figure represented a recovery to about 70 percent compared to 2019, the last trading year before the onset of the Covid-19 pandemic in early 2020.
“With the full reopening of the borders in 2023, the number of visitors to Macau maintained an upward trend, with the tourist industry showing good recovery and growth prospects, showcasing the attractiveness of Macau as a global tourism and leisure centre,” stated the MGTO.
https://www.ggrasia.com/macau-visitor-numbers-top-28mln-in-2023-mgto/
jan23
Macau’s casinos raked in MOP 183 billion (US$22.8 billion) in gross gaming revenue (GGR) in 2023, up by 333.8 per cent compared with 2022, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
The full-year tally accounts for 62.5 per cent of what was recorded for the whole pre-COVID year of 2019. It is in line with the Chief Executive’s latest estimate and clearly surpasses the initial MOP 130 billion forecast included in the SAR’s 2023 budget a year ago. For 2024, the government is anticipating a total GGR of MOP 216 billion.
In December alone, GGR reached MOP 18.57 billion, a 15.7 per cent month-to-month increase. It was the second-best month of the year, after October’s MOP 19.5 billion tally.
https://www.macaubusiness.com/breaking-news-gaming-revenue-jumps-333-8-pct-in-2023-to-mop-183-billion/ + https://www.ggrasia.com/macau-2023-ggr-us22-8bln-ops-must-up-non-gaming-spend/
dez23
Macau mass table gaming almost fully recuperated to pre-pandemic results, slots still lagging: Altira GM
https://agbrief.com/news/macau/03/12/2023/macau-mass-table-gaming-almost-fully-recuperated-to-pre-pandemic-results-slots-still-lagging/
Dez23
Macau is projected to conclude 2023 with gross gaming revenue (GGR) of MOP182 billion ($22.6 billion), approximately 62 percent of 2019 levels, according to Citigroup.
https://agbrief.com/news/macau/01/12/2023/macau-2023-ggr-likely-at-62-percent-of-2019-levels-citigroup/?utm_source=Asia+Gaming+Brief&utm_campaign=5a7266ecb1-AGB%3A+%2301795+Monday%2C+04th+December%2C+2023&utm_medium=email&utm_term=0_51950b5d21-5a7266ecb1-%5BLIST_EMAIL_ID%5D&ct=t%28AGB%3A+%2301795+Monday%2C+04th+December%2C+2023%29&goal=0_51950b5d21-5a7266ecb1-%5BLIST_EMAIL_ID%5D&mc_cid=5a7266ecb1&mc_eid=31e20475e6
out23
A Semana Dourada correu bem para a indústria do jogo, com a previsão das receitas a chegar às 939 milhões de patacas durante os primeiros seis dias dos feriados. Analistas da JP Morgan revelaram que foram alcançados cerca de 80% dos valores registados no mesmo período do último ano pré-pandémico, em 2019.
https://pontofinal-macau.com/2023/10/12/semana-dourada-foi-bastante-dourada-comparada-com-a-de-2019-diz-jp-morgan/