• 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 Sept GGR vexes as visitor numbers rise: analysts

Sep 22, 2020 Newsdesk Latest News, Macau, Top of the deck  


Macau Sept GGR vexes as visitor numbers rise: analysts

Average Macau daily casino gross gaming revenue (GGR) in the week from September 14 to 20 inclusive “was disappointing”, at MOP1.8 billion (US$225.5 million), despite an increase in visitor arrivals to the city, said a Monday note from brokerage Sanford C. Bernstein Ltd.

The institution estimated – based on what it termed “channel checks” – that the average daily rate for last week’s GGR was down 90 percent from the previous week. For the first 20 days of September, the average daily rate was about MOP90 million, down 88 percent from the prior year, but a sequential improvement of circa 110 percent.

Macau’s September casino GGR is likely to see year-on-year decline in the “mid-80s” percentage-wise, stated Sanford Bernstein in its memo.

The brokerage observed that since exit-visa processing for Macau-tourism purposes by residents of Zhuhai and Guangdong province as a whole was resumed respectively on August 12 and August 26, average daily visitor numbers to Macau had “continue to climb”, reaching 18,400 on September 16, up from approximately 5,000 daily in early August.

Macau recorded 227,113 visitor arrivals in August, up 206.9 percent on the prior month, said a Monday announcement from the city’s Statistics and Census Service.

The Sanford Bernstein team added: “We expect the visitation to continue to increase over the next several months. Visa issuances for the rest of mainland China will begin on September 23 and should begin to boost visitation and GGR by mid-October, but Golden Week is likely to be subdued.”

Sanford Bernstein suggested the authorities were taking approximately 10 days to issue exit visas under the Individual Visit Scheme (IVS) system, noting the tourists applying for such permits also needed to obtain a certificate showing freedom from Covid-19 infection, in order to be allowed into Macau. Such a certificate must have been issued within seven days of the visitor’s planned arrival in the city. A valid test certificate must also be tendered in order to gain entry to Macau’s casinos.

Ambrose So Shu Fai, chief executive of Macau casino operator SJM Holdings Ltd, said recently that the Macau market’s GGR in the upcoming Golden Week may be only “30 to 35 percent” of that seen in the same holiday period a year ago. He cited factors including the Covid-19 virus test requirement in order for a player to enter a gaming venue, and social distancing measures.

China’s State Council has designated October 1 to October 8, inclusive, as the holiday period.


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

    Apr 16, 2021  

  • Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch
    Macau 2021 GGR could be half of pre-...

    Apr 15, 2021  

More news
  • NUSTAR complex in Cebu slated to open 2022: UHRI
    NUSTAR complex in Cebu slated to open...

    Apr 16, 2021  

  • Labour Day hols hotels to be 40-50pct full: Macau govt
    Labour Day hols hotels to be 40-50pct...

    Apr 16, 2021  


Latest News

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

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

Apr 16, 2021  

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Read More
NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Labour Day hols hotels to be 40-50pct full: Macau govt

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021  

Macau may tie GBA backing to gaming tender: law experts

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.15 billion

Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021



Most Popular

  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
  • 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
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • Macau seeks mutual vaccine recognition with Guangdong: CEMacau seeks mutual vaccine recognition with Guangdong: CE April 13, 2021
  • Macau subsidised staycation for locals covers casino resortsMacau subsidised staycation for locals covers casino resorts April 14, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us