Macau GGR down 12% in second week of December
Macau’s GGR for the second week of December was down 12 per cent week-on-week from MOP260m (US$32.4m) to MOP229m (US$28.5m).
Macau.- Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue (GGR) for the second week of December declined 12 per cent when compared to the previous week. The average daily rate between December 6 to 12 was MOP229m (US$28.5m). The number of visitors was down 18 per cent due to the end of local tourism festivals and a new outbreak of Covid-19 cases in China.
Month-to-date GGR was MOP2.9bn (US$362m), down 67 per cent when compared to pre-pandemic levels but up 7 per cent month-on-month. VIP holdings normalised but following Suncity’s closure of VIP rooms, the average daily rolling volume dropped by 35 to 40 per cent when compared to the previous month. Mass revenue increased by 15 per cent from November.
Analysts at Sanford Bernstein predict that Macau’s GGR for December will be down 68 per cent when compared to December 2019 but up 9 per cent when compared to November, mainly due to an increase in mass table revenue.
