Macau recorded a gross gaming revenue (GGR), of MOP3.67bn, or US$459m for March 2022.
According to the Gaming Inspection and Coordination Bureau data (DICJ), this is 56% less than last year and 54% below GGR that was recorded in February.
The GGR total MOP$3.67bn, which is lower than the September 2020 median analyst estimate of 55%, was below its lowest point.
In March 2019, revenue was 86% lower than pre-pandemic levels. The accumulated gross revenue fell 25% in March, also at MOP$17.75bn.
March’s swift downturn has flattened hopes of a gradual recovery continuing, as had been intimated in both January and February this year.
It is the reintroduction of travel restrictions and social distancing measures, following a rise in Covid-19 cases in Macau’s surrounding prefectures, that has fuelled this downturn.
Lockdowns in key Chinese cities and regions, such as Shanghai, Hong Kong, as well as Hong Kong have led to significant decreases in tourist visits to Macau.
It is widely expected that Macau’s visitor data for March will be down markedly from the previous month also. Only the March 1st and 2nd weeks saw a decrease in visitation of 23% compared with February.
China continues to enforce its Zero-Tolerance Policy on Covid, resulting in a continuous stream of lockdowns that have plagued Chinese territory for two years.
This is not the only issue Macau is currently facing – the region is in the midst of changes to gambling regulations and updates to casino licences, as well as a complete overhaul of its junket system.
Macau’s March GGR worst in 18 months at $459m Macau has recorded gross gaming revenue (GGR) of MOP3.67bn (US$459m) for March 2022. It is 56% lower year-on-year…
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