May 01, 2022 Newsdesk Latest News, Macau, Top of the deck  
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”.
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Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
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”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”
Sherwin Gatchalian
Chairman of the Committee on Ways and Means of the Senate of the Philippines