• 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 GGR down 80pct y-on-y in March: govt

Apr 01, 2020 Newsdesk Latest News, Macau, Top of the deck  


Macau GGR down 80pct y-on-y in March: govt

Macau casino gross gaming revenue (GGR) declined by 79.7 percent in March in year-on-year terms, but rose sharply judged month-on-month with February, when the city’s casinos were closed for 15 days to halt the spread locally of a novel coronavirus.

Such March GGR was just under MOP5.26 billion (US$658.3 million), according to data issued on Wednesday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.

Judged month-on-month relative to February, the March performance was up by 69.4 percent. In February Macau casino GGR tallied MOP3.10 billion, an 87.8 percent decline year-on-year.

The latest monthly result puts the Macau market’s accumulated 2020 year-on-year decline at 60.0 percent, to just under MOP30.49 billion.

The March GGR performance came against a background of sharply declining numbers of daily visitors judged year-on-year.

According to the city’s Public Security Police, Macau received around 230 visitors on Sunday and approximately 270 on Monday. In 2019 the statistical daily average was circa 108,000 tourist visitors per day, based on that year’s tally of 39.4 million arrivals as reported previously be the city’s Statistics and Census Service.

An industry consultant has suggested to GGRAsia that the reasoning for keeping Macau’s casinos open amid the ongoing Covid-19 crisis is now “social” – i.e., to protect local employment – rather than commercial.

The tourism decline has coincided with many layers of travel restrictions imposed by Macau and by governments outside, in order to combat the spread of the novel coronavirus and its associated Covid-19 infection.

Authorities in Macau’s neighbouring mainland province, Guangdong – normally an important feeder market for Macau tourism – implemented last week a 14-day quarantine requirement for people entering the province from Macau and Hong Kong.

Guangdong authorities said in a statement on March 26 that the province would start requiring all travellers coming from outside mainland China to undergo a 14-day quarantine at designated facilities, and to take a test checking for Covid-19 infection. Such conditions apply to people from Guangdong that have visited Macau and wish to return home.

Earlier last week, the Macau authorities announced more stringent entry limits for visitors arriving from mainland China, Hong Kong and Taiwan. That included a 14-day quarantine requirement for people arriving from Hong Kong.


  • tweet
Related articles
  • Macau casino GGR down 9pct m-o-m in February: govt
    Macau casino GGR down 9pct m-o-m in...

    Mar 01, 2021  

  • Macau casino GGR soared in final days of CNY: brokerages
    Macau casino GGR soared in final days...

    Feb 23, 2021  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us