Macau daily tourist arrivals on the up
Macau’s Public Security Police reported 16,900 inbound tourists on Tuesday, showing a recovery after the drop due to local Covid-19 cases in the first week of August.
Macau.- The daily tally of inbound tourists reached 16,600 on Monday and 16,7000 on Tuesday, up 85 per cent when compared to Sunday’s 9,000 arrivals.
Macau’s Public Security Police said the number of arrivals started to increase after Macau carried out mass testing for Covid-19, in which 716,251 people were tested, all of them returning negative results.
The recovery also follows the announcement of an extension for the validity of negative Covid-19 tests for visitors from Guangdong province to 48 hours. The measure covers direct inbound and outbound land trips.
Macau’s Gross Gaming Revenue (GGR) in the second week of August was MOP78m(US$9.7m), down 37 per cent when compared to MOP125m (US$15.6m) in the first week.
Sanford C. Bernstein Ltd said Macau’s GGR had fallen due to travel restrictions intensified by mainland China due to the outbreak. The number of visitors declined 78 per cent when compared to the previous month.
Macau’s GGR for the first fifteen days of August was MOP1.55bn (US$193m). The month-to-date average daily rate is MOP103m (US$13m), down 87 per cent when compared to August 2019 levels and down 62 per cent compared to July’s figures.
May remains the month with the highest GGR of the year to date, mainly thanks to the Labour Day break, when Macau’s Public Security Police reported that 165,500 tourists came to Macau.
Sands China and Galaxy lead Macau GGR in Q2
Deutsche Bank has revealed that Sands China and Galaxy Entertainment Group together contributed 45.3 per cent of Macau’s GGR in the second quarter of the year. The proportion was the same as the previous quarter, when the companies contributed MOP23.6bn (US$2.9bn).
For the second quarter, Galaxy Entertainment Group contributed 20.4 per cent of revenue (US$640m) while Sands China’s contribution was US$782m, 24.9 per cent of the total.
Melco Resorts & Entertainment followed with 17.9 per cent. Wynn Macau was in fourth position with 13.7 per cent, while SHM Holdings accounted for 11.7 per cent and MGM China 11.3 per cent.
