• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau daily GGR dips 34pct m-o-m on Covid alert: broker

Jun 16, 2021 Newsdesk Latest News, Macau, Top of the deck  


Macau daily GGR dips 34pct m-o-m on Covid alert: broker

The Macau casino market’s average daily rate of gross gaming revenue (GGR) was down about 34 percent from the daily average for May, driven by tighter travel conditions for inbound travellers from mainland China, amid a Covid-19 outbreak in Guangdong province, says a Tuesday note from brokerage Sanford C. Bernstein Ltd.

The institution said its market checks suggested that for June 1 to June 14 inclusive, average daily GGR was MOP221 million (US$27.6 million), down circa 34.4 percent on the MOP337 million daily average achieved in May.

The half-month daily performance was also about 72.2 percent down on the daily average for June 2019, i.e., in terms of year-on-year comparison to pre-pandemic trading conditions.

“The impediments to Macau travel are still largely in place,” stated analysts Vitaly Umansky, Louis Li, and Kelsey Zhu.

“Daily visitor arrivals to and departures from Macau averaged only 30,000 during June 7 to 13, which was down 26 percent versus the prior week of May 31 to June 4, and down 42 percent versus the April daily, due to the travel restrictions,” stated the Sanford Bernstein team.

Since June 8, people intending to enter Macau from Guangdong must hold a nucleic acid test certificate issued within 48 hours proving they are ‘negative’ for Covid-19 infection.

Any easing of travel restrictions should “meaningfully increase” visitor volume from the mainland, “and more importantly, GGR,” said the brokerage.

Mainland China is the only place to have a largely quarantine-free travel bubble with Macau.

The institution observed however that any fresh Covid-19 “outbreaks could derail travel temporarily”.

Without the return of electronic issuance of Individual Visit Scheme (IVS) visas for independent travellers from the mainland, return of group visas, “Hong Kong travel opening,” and loosening of Covid-19 testing requirements for entry, “GGR remains below normal levels,” said Sanford Bernstein.

“We assume a GGR uplift to begin later this summer as travel impediments are removed and visitation increases,” added its analysts.


  • tweet
Related articles
  • Macau Aug GGR up 3pct on July, new high since Covid-19
    Macau Aug GGR up 3pct on July, new high...

    Sep 01, 2023  

  • Macau moots visa freedom for those also visiting Guangdong
    Macau moots visa freedom for those also...

    Aug 04, 2023  

More news
  • GEN Malaysia stable outlook, rebound taking its time: Fitch
    GEN Malaysia stable outlook, rebound...

    Sep 21, 2023  

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MS
    Golden Week Macau GGR to be 17pct up on...

    Sep 21, 2023  


Latest News

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Fitch Ratings Inc has affirmed the long-term issuer default rating of casino operator Genting Malaysia Bhd at ‘BBB’, an investment grade, according to a memo published on Wednesday. The ratings...
Read More
Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Sep 21, 2023  

Philippine Senate committee supports ban on POGOs

Philippine Senate committee supports ban on POGOs

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Sept daily Macau GGR rebounds after storms: brokerageSept daily Macau GGR rebounds after storms: brokerage September 18, 2023
  • Hengqin-Macau tour reboot for mainland consumers: MGTOHengqin-Macau tour reboot for mainland consumers: MGTO September 19, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us