• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau casino GGR rises 14pct m-o-m in March: govt

Apr 01, 2021 Newsdesk Latest News, Macau, Top of the deck  


Macau casino GGR rises 14pct m-o-m in March: govt

Macau casino gross gaming revenue (GGR) rose by 13.6 percent sequentially in March, to just under MOP8.31 billion (US$1.04 billion), compared to just above MOP7.31 billion in February. March GGR was up 58.0 percent from a year earlier, according to data issued on Thursday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.

Aggregate casino GGR in the three months to March 31 stood at MOP23.64 billion, still a decline of  22.5 percent from the nearly MOP30.49 billion recorded in prior-year period. In the first quarter last year, the city’s casino sector had a good performance in January, before the onset of the Covid-19 pandemic.

Macau’s casino industry had been posting sequential weekly improvements in GGR in recent weeks, according to investment analysts.

Investment bank JP Morgan said in a Thursday note that March’s daily run-rate of MOP268 million “was, in fact, the best monthly print since Covid-19 and showed a consistent sequential recovery from MOP250 million to MOP260million/day in the past three months.”

It added: “In our view, this reflects improving travel sentiment and pent-up demand …, as well as modest relaxation of local restrictions in Macau (such as the resumption of standing bets, or removal of Covid-19 test requirements for casino entry).”

In a Thursday memo, brokerage Sanford C. Bernstein Ltd said aggregate GGR in March was however “lower than expected partly due to continued weak hold in the month.”

The aggregate GGR in the three months to March 31 was up about 8 percent from the fourth quarter of 2020. JP Morgan estimated that mass GGR has recovered to “circa 40 percent of pre-Covid levels (2019 average), while VIP GGR is at about 20-percent levels.”

Macau’s casino regulator confirmed to GGRAsia last week that table gambling while standing was being allowed again on the city’s casino floors, with the condition that such standing players stay at least 1 metre (3.3 feet) apart for safety reasons. The return of standing betting started “before the Chinese New Year” in February, added DICJ.

Investment analysts have said they expect GGR in Macau to show an uptick as Covid-19-related travel impediments are potentially “removed and visitation increases”.

On February 23, the Macau authorities had announced that no city in mainland China was any longer considered by the Macau authorities to be ‘medium risk’ for transmission of Covid-19 infection.

As a result, no mainland China visitor to Macau would as of that date be automatically required to complete quarantine upon arrival in the city, based specifically on whether the arriving visitor had been to any ‘medium risk’ place on the mainland in the 14 days prior to coming to Macau.

(Updated at 4.10pm, Apr 1)


  • tweet
Related articles
  • Okada Manila 1Q GGR down 41pct amid casino restrictions
    Okada Manila 1Q GGR down 41pct amid...

    Apr 19, 2021  

  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

More news
  • April pax tally to rise 26pct m-o-m says Macau airport op
    April pax tally to rise 26pct m-o-m...

    Apr 19, 2021  

  • Two-day Japan IR Forum online event begins on Weds
    Two-day Japan IR Forum online event...

    Apr 19, 2021  


Latest News

April pax tally to rise 26pct m-o-m says Macau airport op

April pax tally to rise 26pct m-o-m says Macau airport op

Apr 19, 2021  

Macau’s airport expects a circa 26-percent-higher volume of passenger movements in April compared to March, according to information it provided to GGRAsia. Macau International Airport Co Ltd,...
Read More
Two-day Japan IR Forum online event begins on Weds

Two-day Japan IR Forum online event begins on Weds

Apr 19, 2021  

Talks on NagaWorld lay-offs amid pandemic: source

Talks on NagaWorld lay-offs amid pandemic: source

Apr 19, 2021  

Oaktree offers US$$2.3bln for Crown to buy out Packer

Oaktree offers US$$2.3bln for Crown to buy out Packer

Apr 19, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.14 billion

Macau’s total VIP gross gaming revenue in the first quarter of 2021



Most Popular

  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Macau may tie GBA backing to gaming tender: law expertsMacau may tie GBA backing to gaming tender: law experts April 16, 2021
  • Bloomberry Quezon project in 2023, focus on preserving cashBloomberry Quezon project in 2023, focus on preserving cash April 16, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us