Macau GGR down 23% in the first half of February

Revenues declined month-on-month as the city received just 62,984 visitors over the first five days of the Chinese New Year Golden Week holiday.

Macau.- Macau casinos saw gross gaming revenues of MOP$3bn (US$375m), for the first half of February, down 23 per cent compared to January.

GGR was MOP$190m (US$23.8m) per day during the Chinese New Year Golden Week holiday , which represents a 71.6 per cent decline compared to last year and an 83 per cent decline compared to February 2019.

Analysts at JP Morgan said: “We’d hope to see a meaningful uptick for the coming week’s data… but visibility remains extremely low amidst ongoing travel curbs.“

Travel restrictions due to the Covid-19 pandemic continue to impact visitor numbers in Macau. Mainland China is currently the only jurisdiction to have a largely quarantine-free travel bubble with Macau.