{"id":28804,"date":"2022-04-08T07:18:14","date_gmt":"2022-04-08T10:18:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28804"},"modified":"2026-04-23T09:47:03","modified_gmt":"2026-04-23T12:47:03","slug":"macau-ggr-to-reach-44-of-pre-pandemic-levels-in-2022-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-to-reach-44-of-pre-pandemic-levels-in-2022-analysts-say","title":{"rendered":"Macau GGR to reach 44% of pre-pandemic levels in 2022, analysts say"},"content":{"rendered":"\n

Analysts at Fitch Ratings Inc also predict that Macau\u2019s economy could expand by 19 per cent this year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Fitch Ratings<\/strong>\u00a0expects Macau’s gross gaming revenue (GGR) to be about 44 per cent of pre-pandemic levels this year.\u00a0 Analysts expect the city could see revenue of MOP129bn in 2022. In 2019, Macau\u2019s casinos grossed MOP292.46bm (US$36.5bn).<\/p>\n\n\n\n

Fitch also forecast\u00a0Macau’s economy to grow by 19 per cent in 2022<\/strong>, based on the assumed GGR.<\/p>\n\n\n\n

Sanford C. Bernstein Ltd has previously come to a similar conclusion<\/a>, predicting that Macau\u2019s GGR could recover 47 per cent year-over-year in 2022 to around 44 per cent of pre-pandemic levels seen in 2019.<\/p>\n\n\n\n

Assuming no local outbreak of Covid-19, authorities forecast gross casino gaming revenue of MOP130bn in 2022, down 44.5 per cent from 2019. Casino gaming revenue in the first quarter of 2022 <\/strong>was MOP17.77bn, down 24.8 per cent when compared to 2021 and just 23.3 per cent of GGR recorded in the first three months of 2019.<\/p>\n\n\n\n

Macau\u2019s full-year gross gambling revenue<\/a>\u00a0for 2021 was up 43.7 per cent year-on-year at MOP86.86bn (US$10.82bn).<\/p>\n\n\n\n

Fitch said it expects the recovery of the gaming tourism industry could accelerate in the second half of 2022, supported by a gradual recovery of inbound tourism in mainland China as it continues to be the only country to have a largely quarantine-free travel bubble<\/a> with Macau. <\/p>\n\n\n\n

However, the rating agency added: \u201cthe timeline for full normalisation of mainland tourism and easing of international border restrictions remains uncertain, and depends on the further development of the pandemic and containment policies.\u201d<\/p>\n\n\n\n

Macau: March GGR lowest since September 2020<\/h2>\n\n\n\n

Gross gaming revenue (GGR) <\/strong>from Macau casinos was down 52.7 per cent month-on-month<\/a> in 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\u2019s GGR was also down 55.8 per cent when compared to March 2021, when\u00a0revenue was MOP$8.3bn (US$1.04bn)<\/a>. According to analysts at Sanford C. Bernstein Ltd the tightened border policy remains \u201cthe main dragger\u201d of poor GGR.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Fitch Ratings Inc also predict that Macau\u2019s economy could expand by 19 per cent this year.<\/p>\n","protected":false},"author":176,"featured_media":26650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings and Sanford C. Bernstein Ltd project Macau's 2022 Gross Gaming Revenue (GGR) to recover to approximately 44% of pre-pandemic 2019 levels, with the economy potentially expanding by 19%. Despite a significant year-on-year GGR increase in 2021, recent monthly figures show a sharp decline, primarily attributed to tightened border policies and ongoing uncertainty regarding mainland China tourism normalization.","focusai_entities":"Fitch Ratings Inc, Sanford C. Bernstein Ltd","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 Recovery Drivers","query":"What specific policy shifts or tourism initiatives are anticipated from mainland China to accelerate Macau's GGR recovery in H2 2022, beyond the existing quarantine-free travel bubble?"},{"label":"Operator Profitability Impact","query":"Given the projected GGR at 44% of pre-pandemic levels, how are Macau's integrated resort operators adjusting their cost structures and non-gaming revenue strategies to maintain profitability and shareholder value?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-28804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28804","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=28804"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28804\/revisions"}],"predecessor-version":[{"id":28809,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28804\/revisions\/28809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26650"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}