Macau GGR drops 53% in second week of May
Casinos saw a logical decline in revenue following a spike during the Labour Day break.
Macau.- After a promising start to the month during the Labour Day break, which saw an average daily rate GGR of MOP500m (US$75m), Macau‘s casinos have seen revenue fall again.
Bernstein Research has reported that Macau GGR declined 53 per cent between May 9 and May 16, compared to the previous week. The average daily GGR was MOP236m.
The fall is expected after a rise during the holiday week and a rise in Covid-19 cases in some parts of China. Mainland China remains the only country to have a largely quarantine-free travel bubble with Macau.
During the Labour Day break, 165,500 tourists came to Macau. The first day of the holidays saw the highest daily volume of visitors since the start of the Covid-19 pandemic, with 44,000 arrivals.
