{"id":286069,"date":"2023-08-21T13:32:32","date_gmt":"2023-08-21T18:32:32","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=286069"},"modified":"2023-08-21T16:55:36","modified_gmt":"2023-08-21T21:55:36","slug":"macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/","title":{"rendered":"Macau Retakes Lead as World\u2019s No. 1 Casino Hub from Las Vegas"},"content":{"rendered":"

The Chinese gaming enclave is getting its groove back<\/a>. In the first half of this year, Macau\u2019s six concessionaires generated a combined GGR of $10 billion, well ahead of the $7.5 billion notched by Nevada casino operators, according to the Wall Street Journal<\/em>.<\/p>\n

\"Macau
Sands China’s Venetian Macau, seen above. Macau GGR is topping Las Vegas this year by a wide margin. (Image: Wall Street Journal<\/em>)<\/figcaption><\/figure>\n

Before the coronavirus pandemic, Macau was the world\u2019s top casino center in revenue terms, flourishing due to its proximity to China and those citizens’ love of wagering. That status was ceded due to the global health crisis.<\/p>\n

Macau gaming venues shuttered for 15 days in 2020<\/a> with hopes that a return to normalcy would soon follow. The Chinese Communist Party (CCP) didn’t lift lifted the country\u2019s coronavirus protocols until January 2023. These restrictions included a host of restrictions that made travel to Macau difficult.<\/p>\n

With these protocols and restrictions, the special administrative region (SAR) lost the title of \u201cworld\u2019s top casino center\u201d to Las Vegas. Led by Sin City, Nevada\u2019s gross gaming revenue (GGR) topped Macau’s for much of the pandemic.<\/p>\n

Now, Macau\u2019s 2023 resurgence could prove to be more floor than a ceiling. Analysts are forecasting the SAR\u2019s GGR for 2023 won’t reach 100% of 2019 levels, implying room for growth.<\/strong><\/p>\n

Macau Could Bolster Lead Over Las Vegas<\/h2>\n

A return to pre-pandemic revenue levels<\/a> is widely expected to arrive next year, indicating Macau\u2019s GGR may lead over Las Vegas will increase. Notably, Macau\u2019s GGR out-performance of Sin City is being accrued without significant contributions from VIPs.<\/p>\n

The SAR\u2019s junket industry, which delivered high rollers to casinos, is a shell of itself and barely reminiscent of the go-go days seen in the prior decade. This time around, mass and premium-mass players are doing the heavy lifting.<\/strong><\/p>\n

“While high rollers are fewer in number than during Macau\u2019s heyday a decade ago, even low-end gamblers typically bet more than $1,500 at the tables per hour, and higher-end, mass-market players lose on average more than $2,500 a day,\u201d the Journal<\/em> reported, citing industry analysts.<\/p>\n

Citi\u2019s most recent Macau table survey suggests premium mass players\u2019 average table game wagers increased by 5% this month.<\/p>\n

Whales Returning to Macau in Incremental Fashion<\/h2>\n

Las Vegas isn\u2019t short of high rollers<\/a>, but on that front, the numbers game favors China, and that\u2019s good news for Macau operators. The better news is that there are some signs that whales are starting to return to the SAR.<\/p>\n

The Citi survey indicates VIPs, or those bettors whose average wagers are close to $13K per hand, showed a modest uptick in terms of Macau visits this month.<\/strong><\/p>\n

\u201cThe data that we gathered before COVID showed similar month-on-month declines in wager per player in 2018 and 2019,\u201d noted the bank. \u201cWe believe this seasonal trend is attributable to the fact that the visitation-strong month of August is also a month when the more casual, less keen players show up.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chinese gaming enclave is getting its groove back. In the first half of this year, Macau\u2019s six concessionaires generated a combined GGR of $10 billion, well ahead of the $7.5 billion notched by Nevada casino operators, according to the Wall Street Journal. Before the coronavirus pandemic, Macau was the world\u2019s top casino center in […]<\/p>\n","protected":false},"author":46,"featured_media":263923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62,10],"tags":[81913,81897,81903],"acf":[],"yoast_head":"\nMacau GGR Rebound Puts Enclave Back Ahead Of Las Vegas<\/title>\n<meta name=\"description\" content=\"Macau rebound puts it back in front of Las Vegas in GGR terms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau GGR Rebound Puts Enclave Back Ahead Of Las Vegas\" \/>\n<meta property=\"og:description\" content=\"Macau rebound puts it back in front of Las Vegas in GGR terms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-21T18:32:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T21:55:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/\",\"url\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/\",\"name\":\"Macau GGR Rebound Puts Enclave Back Ahead Of Las Vegas\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"datePublished\":\"2023-08-21T18:32:32+00:00\",\"dateModified\":\"2023-08-21T21:55:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Macau rebound puts it back in front of Las Vegas in GGR terms.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macau-ggr-rebound-puts-enclave-back-ahead-of-las-vegas\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/SC.jpg\",\"width\":1280,\"height\":853,\"caption\":\"Sands China's Venetian Macau. 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