Macau: Golden Week may reach only 30% of 2019 GGR

Macau expects to receive visitors from mainland China for Golden Week.
Macau expects to receive visitors from mainland China for Golden Week.

According to gaming operators, expectations for Golden Week remain low compared to last year.

Macau.- Gross gaming revenue (GGR) in the Golden Week, which begins on October 1, may represent only “30 to 35 percent” the GGR reported for the holiday period last year.

That’s the estimate of SJM Holdings CEO, Ambrose So Shu Fai. He made the forecast in comments to the Hong Kong Economic Journal.

Suncity’s Alvin Chau Cheok Wa, meanwhile, said he expects to see only “20 per cent to 30 per cent” of 2019 levels due to the impact of border controls and restrictions on entering casinos in Macau.

He predicted that the gaming industry would have to wait until the Chinese New Year holiday in 2021 to see an “apparent recovery”.

China’s State Council has designated October 1 to October 8 inclusive as the Golden Week holiday this year. Travellers from mainland China entering Macau will have to present a certificate showing they are free from Covid-19 in order to cross the border.

In this article:
Casinos finance macau