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Macau GGR rises 7% after Chinese New Year

Casinos saw and uptick in the third week of February.
Casinos saw and uptick in the third week of February.

Macau’s gross gaming revenue increased by 7 per cent month-on-month for the first three weeks of February

Macau.- Despite lower than expected visitor numbers during Chinese New Year, analysts have reported gross gaming revenue from February 1 to February 21 reached MOP5.8bn (US$726m), an increase of 7 per cent from January.

Despite the month-on-month improvement revenue remains far below the MOP$906m (US$113m) per day seen in February 2019.

The average daily rate for the third week of February was MOP466m (US$58m) per day, doubling the average MOP$200m (US$25m) per day in the first two weeks of the month thanks to strong VIP luck and high mass holds.

Casino operators and tourism authorities hope visitor numbers will increase over the next months as the region drops quarantine requirements for visitors from mainland China.

See also: Macau urges China to resume issuing digital visas.

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