Gross gaming revenue (GGR) at Macao’s casinos for August stood at 17.21 billion patacas, according to figures from the Gaming Inspection and Coordination Bureau.
The sum represents a month-to-month rise of just over three percent and is the highest monthly total since Covid-19 pandemic restrictions were lifted in January.
By comparison, GGR in August 2019 – the year before the pandemic – was 24.26 billion patacas. Monthly GGR figures generally stood above 20 billion patacas from 2017 until the onset of Covid-19 at the start of 2020.
[See more: Macao’s recovery will beat expectations this year, a local economist says]
Accumulated GGR for the year so far meanwhile stands at 114 billion patacas, compared to 198 billion at the same period in 2019.
The government has set a GGR target of 130 billion patacas for 2023.
However, Prof. Davis Fong of the Institute for the Study of Commercial Gaming at the University of Macau recently estimated that GGR will reach 180 to 190 billion patacas this year.
