Macau GGR down 25.8% in October
Macau has reported gross gambling revenue of MOP4.37bn ($544m) for October, down 25.8 per cent month-on-month.
Macau.- Macau’s gross gaming revenue (GGR) was down 25.8 per cent month-on-month in October, and down 40 per cent year-on-year, at MOP4.37bn (US$544m). The figure recorded in October was the lowest monthly GGR figure of 2021, below even August when the city recorded GGR of MOP$4.44bn (US$554.5m).
Macau was deeply affected by an outbreak of local Covid-19 cases at the beginning of the month that led to low numbers of tourist arrivals for the October Golden Week.
During the festive period, from October 1 to October 7, only 8,159 people arrived in Macau. The daily average of visitors was down 93.7 per cent compared with last year. In October Golden Week 2020, 156,300 visitors travelled to Macau.
May remains the month with the highest GGR of the year to date, mainly thanks to the Labour Day break, when Macau’s Public Security Police reported that 165,500 tourists came to Macau. Aggregate casino GGR for the first ten months of the year totals MOP72.15bn, up 57 per cent year-on-year from MOP45.88bn in 2020.
Direct investment in the gaming industry in Macau fell by 30% in 2020
The Statistics and Census Bureau (DSEC) has revealed that direct investment in Macau’s gaming industry fell 30 per cent last year. However, direct investment in financial activities increased by 4.6 per cent year-on-year to MOP86.8bn.
In 2020, Macau recorded MOP300.2bn in foreign direct investment, a decrease of 14.5 per cent from last year. Most of the investments came from Hong Kong or the Cayman Islands. Direct investment from Hong Kong declined 5.3 per cent to MOP84.06bn while investment from the Cayman Islands was down 12.9 per cent to MOP69.74bn.
