Macao’s gross gaming revenue (GGR) in November dropped by 55.6 per cent year-on-year from MOP 6.75 billion to just nearly MOP 3 billion, the Gaming Inspection and Coordination Bureau (DICJ) has announced.
The figure also shows a 23 per cent decrease from October’s GGR of around MOP 3.9 billion, a setback just as Macao began to recover from its summer Covid-19 outbreak that resulted in a two-week partial lockdown, which affected the city’s tourism and businesses.
Macao’s total GGR from January to November dropped by about 51 per cent year-on-year from MOP 78.9 billion to MOP 38.7 billion. This year’s figure was also down 85.6 per cent compared to the figure prior to the pandemic, totalling MOP 269.6 billion in 2019.
In addition, last month’s GGR decreased by 86.9 per cent from November 2019’s GGR of MOP 22.87 billion.
Macao continues to have 37 casinos run by six gaming operators SJM (20), Venetian Macau (5), Galaxy (4), Melco Crown (4), Wynn Resorts (2) and MGM (2), with 5,974 gaming tables and 12,387 slot machines spread across the city.
On 26 November, all the city’s six gaming operators were granted a provisional 10-year gaming contract by the Macao government to continue their businesses. The gaming operators welcomed the award of the new concessions with gratitude and committed to investing MOP 100 billion over the next 10 years.