Macau’s casino gross gaming revenue (GGR) fell by 27.1 percent month-on-month in April, a new low for this year, even relative to September 2020′s poor performance near the start of the Covid-19 pandemic, according to data released on Sunday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.
April GGR was nearly MOP2.68 billion (US$331.2 million), versus just above MOP3.67 billion achieved in March. The March GGR tally had been the lowest since September 2020, near the start of the Covid-19 pandemic alert.
Casino GGR in April fell by 68.1 percent from the prior-year period, when it had been MOP8.40 billion.
Macau casino GGR in the first four months of 2022 stood at MOP20.45 billion, down 36.2 percent from a year ago.
Investment analysts had forecast sluggish performance in GGR for April, given mainland China Covid-19 cases and a tightening of travel restrictions with Macau.
Brokerage Sanford C. Bernstein Ltd said in a recent note that the number of visitor arrivals to Macau and casino revenue remained “largely subdued due to [mainland] China Covid-19 outbreaks and restrictive travel and border control”.
Oct 01, 2022Macau’s September casino gross gaming revenue (GGR) rose by 35.3 percent month-on-month, to MOP2.96 billion (US$366.3 million) from August’s nearly MOP2.19 billion, according to government data...
”With Star Vegas back to operation since 18 June 2022, we believe that Donaco will recover its performance and prevail during this pandemic”
Chairman of casino operator Donaco International