Macau GGR up 12% in first week of November

Macau’s GGR for the first week of November was up 12 per cent when compared to the previous week, with average daily revenue of MOP235m (US$29.3m).

Macau.- Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue (GGR) for the first week of November was up 12 per cent when compared to the previous week, mainly due to a strong recovery in average daily visits.

According to analysts, numbers have started to recover after the impact of the outbreak of local Covid-19 cases at the beginning of October. There were more than 50,000 in and out movements per day last week, similar to numbers during the Labour Day break between May 1 and May 5. VIP average daily volume was up between 75 to 80 per cent month-on-month.

A week ago, Morgan Stanley Asia Ltd forecast that November GGR will be up 57 per cent month-on-month from MOP4.37bn (US$544m) to MOP6.9bn (US$860.9m) but down 30 per cent when compared to November 2019.

October saw the lowest monthly GGR of 2021, down 25.8 per cent month-on-month and 40 per cent year-on-year. It was below even August when the city recorded GGR of MOP$4.44bn (US$554.5m).

Macau will aim to open borders when 80% vaccination rate reached

Macau’s chief executive Ho Iat Seng has said he hopes the city will soon reach an 80 per cent vaccination rate, which would make it easier to negotiate border openings with other countries.

As of October 28, 456,368 people had been vaccinated, 108,777 of them with only one dose of a two-dose regime. According to Macau’s Novel Coronavirus Response and Coordination Centre, 50.9 per cent of the city’s population had received both doses of the vaccine.