Apr 01, 2022 Newsdesk Latest News, Macau, Top of the deck  
Macau’s casino gross gaming revenue (GGR) was down 52.7 percent month-on-month in March, according to data released on Friday by the local regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.
March GGR was MOP3.67 billion (US$454.5 million), versus the nearly MOP7.76 billion achieved in February. The March GGR tally was the lowest since September 2020, near the start of the Covid-19 pandemic alert. That month, the tally had been MOP2.21 billion.
Measured year-on-year, March GGR fell by 55.8 percent on March 2021’s nearly MOP8.31 billion.
Mainland China Covid-19 cases “and the tightened border policy remains to be the main dragger of poor GGR,’ said analyst Vitaly Umansky, of brokerage Sanford C. Bernstein Ltd, in a Friday note.
He added: “Many Chinese provinces are still imposing lockdowns and travel restrictions to control Covid outbreaks, and since March 18, travellers crossing the Zhuhai land border must present Covid test certificate [issued] within 24 hours: and not likely to relax soon as Zhuhai is still reporting local cases.”
The March 2022 GGR result takes calendar-year Macau GGR to MOP17.77 billion, down 24.8 percent on the MOP23.64 billion achieved in the first three months of 2021.
(Updated 4.10pm, April 1)
Sep 26, 2023
Sep 25, 2023
Sep 28, 2023
Sep 28, 2023
Sep 28, 2023
Macau casino operator Galaxy Entertainment Group Ltd is to help the government “revitalise” the Lai Chi Vun Shipyards in Coloane. The revamp project will be done in two phases,...(Click here for more)
US$1.0 billion
Minimum amount Hong Kong-listed International Entertainment will invest to develop an integrated resort in the Philippines capital, Manila