Macau’s GGR for 4Q21 to be the worst of the year, analysts say

Macau reported GGR of US$2.34bn for the third quarter of the year.
Macau reported GGR of US$2.34bn for the third quarter of the year.

According to a survey by Bloomberg, the fourth quarter will be the worst of the year for Macau’s casino operators, mainly due to the outbreak of local Covid-19 cases in October.

Macau.- The Gaming Inspection and Coordination Bureau (DICJ) reported that Macau’s GGR for Q3 was down 26 per cent quarter-on-quarter, at MOP$18.76bn (US$2.34bn). Now analysts predict the current quarter will be even worse. 

Analysts at Bloomberg say the poor numbers seen during the October Golden Week holiday is likely to continue and will impact on fourth quarter revenue. 

However, analysts are optimistic that the cancellation of the quarantine requirement for returning from Macau to Zhuhai will have a positive impact on GGR, but Bernstein has pointed out that Macau’s total daily gaming revenue fell to its lowest daily level since September 2020 during the week of October 11-17.

At MOP12.81bn ($1.60bn), mass-market GGR was down 24 per cent during the third quarter when compared to the previous quarter. VIP baccarat was down 29.9 per cent quarter-on-quarter, representing 32 per cent of total GGR. Mass-market baccarat represented 56 per cent of GGR at MOP10.56bn. Slot machines generated MOP1.08bn.

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