Macau GGR down 32% in first week of March

Macau’s GGR for the first week of March was down 32 per cent year-on-year mainly due to a new outbreak of Covid-19 cases in the neighbouring province of Guangdong.

Macau.- Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue (GGR) for the first week of March was down 32 per cent when compared to last year. That was largely due to new restrictions related to the Covid-19 pandemic.

Month-to-date GGR stands at MOP1.1bn (US$135m), down 75 per cent when compared to pre-pandemic levels, with average daily revenue of MOP183m. Analysts now expect Macau’s GGR for March to be down 78 per cent when compared to pre-pandemic levels.

VIP average daily GGR was down 78 per cent month-on-month and mass GGR down 35 per cent when compared to last year.

Macau’s gross gaming revenue (GGR) was up 22 per cent month-on-month in February from MOP6.34bn (US$793m) to MOP7.76bn (US$963.8m). The figure was also up 6 per cent when compared to February last year, when revenue was MOP7.31bn (US$914.5m).

Mainland China continues to be the only country to have a largely quarantine-free travel bubble with Macau. Those crossing the land border from China must present a Covid-19 test taken no more than 48 hours prior. For air arrival the test must be 7-days prior.