Macau mass and VIP business down by 95%
Both mass and VIP gaming revenues plummeted by more than 95% year-on-year in the second quarter because of Covid-19 restrictions.
Macau.- The Gaming Inspection and Coordination Bureau has revealed gross gaming revenue (GGR) for second quarter, showing deep falls in mass-market gaming as well as the VIP business.
Mass-market GGR for the quarter totalled MOP1.73 billion (US$216.3 million), which meant a 95.5 per cent drop from the same period last year and an 89 per cent decline since the first quarter of 2020.
The VIP business took only MOP1.50 billion (US$187.8 million), 95.7 per cent less than in the second quarter of 2019 and 89.9 per cent down from the first quarter this year.
This means the mass market represented 53.53 per cent of all casino GGR, up from 52.81 last year, while the VIP market’s share fell to 46.47 per cent from 47.19 percent in 2019.
GGR from slot machines in Macau was down 88.4 per cent year-on-year to MOP432 million (US$54 million). Their contribution to total gaming revenue increased from 5.07 per cent to 13.36 per cent.
Live multi game products brought in MOP129 million (US$16.15 million), 81.4 less than in the same period last year.
In June, the Bureau reported that Macau casinos has seen the worst GGR results in history, with a 97 per cent drop year-on-year.
Local casinos and financial analysts expect that now that travel restrictions from mainland China have been lifted, casino revenue may begin to recover.
