Macau has reported gross gambling revenue of MOP$18.76bn (US$2.34bn) for the third quarter of the year, down 26 per cent quarter-on-quarter.
Macau.- Macau’s gross gaming revenue (GGR) for Q3 was down 26 per cent quarter-on-quarter, at MOP$18.76bn (US$2.34bn). The Gaming Inspection and Coordination Bureau (DICJ) has also revealed that mass-market GGR accounted for about 68 per cent of total casino gaming revenue.
At MOP12.81bn ($1.60bn), mass-market GGR was down 24 per cent when compared to the previous quarter. VIP baccarat was down 29.9 per cent quarter-on-quarter, representing 32 per cent of total GGR. Mass-market baccarat represented 56 per cent of GGR at MOP10.56bn. Slot machines generated MOP1.08bn.
According to analysts, the fourth quarter will be the worst of the year, with numbers expected to be down 97 per cent compared to pre-pandemic levels after poor results during the October Golden Week 2021 due to local Covi-19 cases.
During the holiday period, from October 1 to October 7, 8,159 people arrived in Macau, down 93.7 per cent compared with last year.
Macau gaming law consultation sessions rescheduled
Authorities in Macau have rescheduled the public consultation sessions on gaming laws that were cancelled due to the outbreak of local Covid-19 cases and Typhoon Kompasu. They will now be held between October 22 to 25 in morning and evening sessions to comply with social distancing regulations.
Lei Wai Nong, secretary for economy and finance, has said that the schedule for the consultation would continue for the planned 45 days.
After Macau’s gaming law revision is finished, there will be 180 days to write the final report, after which a draft will be submitted to the Legislative Assembly for additional conversation.