Macau’s GGR in the third week of July was down 14 per cent when compared to the previous week.
Macau.- Sanford C. Bernstein has reported that Macau GGR for the third week of July was down 14 per cent when compared to the previous week.
According to analysts, casino revenue between July 19 and 25 was MOP257m (US$32.1m), compared to MOP300m in the previous week.
A new wave of Covid-19 cases in neighbouring provinces may have affected the arrival of visitors to Macau. The city recently imposed a 14-day quarantine on visitors from four Chinese provinces.
After announcing quarantine measures for arrivals from Nanjing, the government of Macau announced it will take similar measures for visitors from the provinces of Jiangsu, Yunnan, Liaoning and Sichuan.
Analysts at Sanford C. Bernstein believe Macau’s GGR for July will be down 60 per cent against pre-pandemic levels and up 30 per cent when compared to June 2021. In June, Macau registered its lowest GGR since November 2020, with a drop of 37 per cent month-on-month.