{"id":32464,"date":"2022-08-09T02:58:08","date_gmt":"2022-08-09T05:58:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32464"},"modified":"2026-04-23T06:07:21","modified_gmt":"2026-04-23T09:07:21","slug":"macau-ggr-will-be-down-89-in-august-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-will-be-down-89-in-august-analysts-say","title":{"rendered":"Macau GGR will be down 89% in August, analysts say"},"content":{"rendered":"\n

Macau has recorded daily casino gross gaming revenue of MOP36m (US$4.5m) for the first 7 days of the month.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that despite\u00a0an easing of Covid-19 countermeasures<\/a>\u00a0in recent weeks, it expects Macau GGR to remain low throughout August. According to analysts,\u00a0GGR is likely to be down 89 per cent<\/strong>\u00a0when compared to pre-pandemic levels at around MOP2.67bn (US$330.1m).<\/p>\n\n\n\n

The average daily rate recorded between August 1 to 10 was\u00a0MOP36m (US$4.5m)<\/strong>. The figure was up 26 per cent week-on-week, from MOP28m for July 25 to 31, due to the border reopening with China.<\/p>\n\n\n\n

Since August 3, anyone wishing to leave Macau<\/a> for Zhuhai <\/strong>in the neighbouring province of Guangdong is exempt from seven-day quarantine<\/strong>. Travellers must still present a \u201cnegative\u201d Covid-19 infection certificate issued within 24 hours before their scheduled departure time and should avoid using public transport and going to crowded places.<\/p>\n\n\n\n

The Macau government has announced that\u00a0as part of its Covid-19 countermeasures<\/strong>, most people will be restricted to one outbound trip and one return trip to Macau each day from August 9 to September 8 to Zhuhai as the city has reported several Covid-19 cases in the past few days. <\/p>\n\n\n\n

Authorities have also announced that from August 12,\u00a0the quarantine period for incoming flights from Hong Kong <\/strong>will be shortened to three days, plus four days of self-isolation.\u00a0Hong Kong has historically accounted for 15 per cent to 20 per cent of Macau\u2019s total gaming revenue. <\/p>\n\n\n\n

However, mainland China has been recording about 4,500 Covid-19 cases per day so analysts do not expect a reopening of Hong Kong’s border with China any time soon.<\/p>\n\n\n\n

Macau GGR plunges to lowest monthly tally since 2003<\/h2>\n\n\n\n

In July, Macau\u2019s gross gaming revenue\u00a0<\/strong>plummeted to its lowest level since records began in 2003. The drop came amid a Covid-19 outbreak that saw casinos closed for two weeks. GGR was down\u00a083.9 per cent\u00a0<\/strong>month-on-month from MOP2.48bn to MOP398m (US$49.2m). The figure was down 95.3 per cent when compared to July 2021.<\/p>\n\n\n\n

Macau\u2019s GGR for the\u00a0first seven months of 2022\u00a0<\/strong>combined stands at MOP26.6bn (US$3.29bn), down 53.6 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau has recorded daily casino gross gaming revenue of MOP36m (US$4.5m) for the first 7 days of the month.<\/p>\n","protected":false},"author":176,"featured_media":26708,"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 GGR remains significantly depressed in August, with daily figures at MOP36m, despite some easing of border restrictions with Zhuhai. Analysts project August GGR to be down 89% from pre-pandemic levels, following July's record low of MOP398m due to a two-week casino closure. Ongoing Covid-19 countermeasures in mainland China and Macau continue to impede recovery, impacting key feeder markets like Hong Kong.","focusai_entities":"Sanford C. Bernstein Ltd, Macau government","focusai_location":"Macau, China, Zhuhai, Guangdong, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook?","query":"Given the persistent Covid-19 restrictions and mainland China's zero-Covid policy, what is the revised GGR recovery timeline for Macau, and what specific policy shifts are required to achieve pre-pandemic visitation levels?"},{"label":"Impact on Concessionaires?","query":"How do these sustained low GGR figures and ongoing travel restrictions impact the financial covenants and long-term viability of Macau's gaming concessionaires, particularly concerning their upcoming license renewals?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-32464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32464","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=32464"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32464\/revisions"}],"predecessor-version":[{"id":32492,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32464\/revisions\/32492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}