Macau GGR down in January

Macau’s gross gaming revenue falls 11.3% year on year in January as the Coronavirus outbreak continues to impact the sector.

Macau.- Macau’s gross gaming revenue fell 11.3% to MOP$22.12 billion (€2.49 billion) in January, according to figures published by the gaming regulator.

The decline is expected to continue in February as the impact of Coronavirus outbreak continues to hurt the industry.

Industry experts agreed that February’s GGR could fall by as much as 40% with Macau being heavily impacted by travel restrictions on visitors from mainland China.

This includes reduced border gate opening hours and heavily limited plane, ferry and bus services.

Before the Coronavirus outbreak, analysts estimated January GGR at between -3% and +2%..

Several operators including Las Vegas Sands have already reported around 80% fewer visits during the Chinese New Year holiday season.

Fitch Ratings Service has estimated €1.8 billion could be lost in cash.