Macau has reported gross gambling revenue of MOP3.67bn (US$454.5m) for March, down 52.7 per cent month-on-month.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gross gaming revenue (GGR)\u00a0<\/strong>from Macau casinos was down 52.7 per cent\u00a0month-on-month<\/a>\u00a0in March, from MOP7.76bn (US$963.8m) to MOP3.67bn (US$454.5m). The figure was the lowest since September 2020, when the tally was MOP2.2bn.<\/p>\n\n\n\n Macau’s GGR was also down 55.8 per cent when compared to March 2021, when\u00a0revenue was MOP$8.3bn (US$1.04bn)<\/a>.<\/p>\n\n\n\n According to analysts at Sanford C. Bernstein Ltd the tightened border policy remains “the main dragger” of poor GGR. The Gaming Inspection and Coordination Bureau<\/strong>\u2018s figures show that\u00a0Macau\u2019s GGR for the first three months of 2022\u00a0<\/strong>combined stands at MOP17.77bn (US$2.19bn), down 24.8 per cent year-on-year.<\/p>\n\n\n\n It\u2019s been confirmed that all six Macau casino operators have applied to extend their concessions pending a retender later in the year. The current licences are to expire in June, but last month Lei Wai Nong<\/strong>, Macau\u2019s secretary for economy and finance, confirmed that licences would be extended until December 31<\/a>.<\/p>\n\n\n\n Macau\u2019s gaming law amendment bill, which is still in debate, would allow up to six gaming concessions<\/a> with a length of 10 years and the possibility of a 3-year extension. A final reading of the gaming law amendment bill<\/a> is expected by June.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau has reported gross gambling revenue of MOP3.67bn (US$454.5m) for March, down 52.7 per cent month-on-month.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's March GGR declined significantly by 52.7% month-on-month to MOP3.67bn, marking the lowest figure since September 2020, primarily due to tightened border policies. Concurrently, all six Macau casino operators have applied for an extension of their current concessions until December 31, 2022, pending a retender and the finalization of a new gaming law amendment bill expected by June.","focusai_entities":"Sanford C. Bernstein Ltd, Gaming Inspection and Coordination Bureau, Lei Wai Nong, Macau casino operators","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GGR Recovery Outlook?","query":"What specific policy changes or market catalysts are anticipated to reverse Macau's GGR decline, and what is the projected timeline for recovery to pre-pandemic levels?"},{"label":"Concession Retender Impact?","query":"How might the proposed gaming law amendment bill, particularly regarding concession duration and number, influence the competitive landscape and investment strategies for incumbent and potential new operators in the upcoming retender?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-28611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28611"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28611\/revisions"}],"predecessor-version":[{"id":28625,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28611\/revisions\/28625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}All Macau casino operators have requested extension of concessions<\/h2>\n\n\n\n