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Macau ends 2020 with 79% decline in gaming revenues

Despite a small recovery in the tally of visitors, there is still a huge fall in numbers comparing to 2019.
Despite a small recovery in the tally of visitors, there is still a huge fall in numbers comparing to 2019.

Gross gaming revenue (GGR) fell 79 per cent year on year in Macau as a result of the Covid-19 pandemic.

Macau.- The last financial report of the year 2020 has revealed a fall of 79.3 per cent in gross gaming revenue from the previous year to MOP60.4 billion (US$7.5bn).

Despite a 16 percent month on month increase in gaming revenue in December to MOP7.8bn, the numbers show the devastating impact the Covid-19 pandemic has had on the Macau gaming industry.

According to the Macao Government Tourism Office (MGTO), there was a small recovery in the number of visitors during the last month of the year, with Christmas Day recording 27755 arrivals, the second-highest daily record over the last ten months.

However, it still represented a 65.8 per cent drop from the same month the previous year.

Average daily visitor arrivals in Macau exceeded 24,000 during the holiday season between December 23 and 27, a number 20.2 per cent higher when compared with the average daily volume of visitors between December 1 and 22 and 30.5 per cent more than the average in October, even with the Golden Week period.

The Macau government has estimated that 2021 will report some MOP130bn in final gaming revenues.

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