Macau GGR up 16% for first week of July
Macau’s GGR was up 16 per cent when compared to the last week of June and up 29 per cent from June overall.
Macau.- Sanford C. Bernstein has reported that Macau GGR for the first week of July was up 16 per cent when compared to the previous week.
Macau’s GGR was also up 29 per cent in comparison with June as a whole. In June, Macau registered its lowest GGR since November 2020, with a drop of 37 per cent month-on-month.
The drop in June was partly due to an outbreak of Covid-19 cases in the neighbouring province of Guangdong, which led Macau to tighten Covid-19 countermeasures at casinos and other tourism venues.
According to analysts, Macau’s GGR in July will be up 50 per cent when compared to March. Authorities have ended restrictions for those coming from Guangdong as Covid-19 cases decline.
Bernstein also predicts GGR will be up 144 per cent when compared to last year, reaching 50 per cent of 2019 levels.
Under Covid-19 countermeasures at casinos and other tourism venues, visitors must wear masks and have their temperature checked. They also have to present the Macao Health Code, the government document that classifies health status by colour: red, yellow, and green.
Holders whose Macao Health Code is red or yellow will be denied admission to casinos and other venues. Other venues covered by the countermeasure include hotels and guest houses, restaurants, bars, karaoke lounges, nightclubs, saunas, massage parlours and health clubs.
