Macau 2024 GGR to reach 82 pct of 2019 level: CLSA

Macau’s gaming sector could see casino gross gaming revenue (GGR) reach HKD228.1 billion or US$29.2 billion in 2024, a tally that would represent close to 30 percent year-on-year growth, says Jeffrey Kiang, an analyst at brokerage CLSA Ltd, in comments to GGRAsia.

It would also equal about 82 percent of 2019 GGR. For 2025, the institution anticipates Macau’s casino GGR can reach “89 percent” of the 2019 pre-pandemic level.

“By segment, we forecast 2024’s overall mass GGR (including premium mass, but excluding slot machines) to increase 31 percent year-on-year to US$23.2 billion (or HKD181.2 billion, being 18 percent above 2019’s level),” Mr Kiang remarked to us. He added: “

we expect holiday GGR performance [in 2024] to be robust – but that would be quite even” in terms of split, between “the first half (Chinese New Year and May Golden Week) and the second half (summer holiday and October Golden Week)”.

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