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Casinos’ August revenues lowest this year at MOP 4.4 billion

Covid-19 Delta cluster blamed for poor numbers; insiders suggest this year’s GGR will fail to meet government’s target.

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Covid-19 Delta cluster blamed for poor numbers; insiders suggest this year’s GGR will fail to meet government’s target.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:41 am

 

*Last updated at 8:00 am on 2 September 2021

Macao’s 37 casinos suffered their worst month of the year in August, generating just MOP 4.4 billion (US$555 million) in gross gaming revenue (GGR).

According to the Gaming Inspection and Coordination Bureau, while last month’s GGR rose by 234 per cent year-on-year, it fell by 47.4 per cent month-on-month. 

Insiders suggested that two weeks’ reinforced Covid-19 prevention and control curbs that were imposed by the government last month in response to a four-member Delta variant family cluster were to blame for the poor numbers. 

May produced the casino industry’s highest monthly GGR so far this year, at MOP 10.4 billion. 

Altogether, GGR in the first eight months of the year grew by 70.1 per cent year-on-year to MOP 61.9 billion. 

The government’s 2021 budget forecasts a GGR of MOP 130 billion, however sources within the industry have indicated that this year’s GGR will most likely fall below the government’s target. 

Macao’s casinos pay 35 per cent of their GGR as direct tax to the government, apart from a string of other “contributions” to public entities accounting for around four per cent of their GGR. 

In August, 37 of Macao’s 41 casinos which are owned by six rival operators – SJM, Galaxy Macau, Sands China, Melco Resorts, MGM Macau, Wynn Macau – were in operation. Four of SJM’s 22 casinos have been suspended by the company.

 

UPDATED: 22 Dec 2023, 4:41 am

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