The month of June is traditionally a flat one for the territory, with Macao’s gaming concessionaires affected by a seasonal slowdown.
gaming revenue
Although GGR is still down on pre-pandemic averages, some analysts are predicting that the gaming sector will recover fully as early as next year.
Highest gross gaming revenue recorded since May this year while accumulated GGR is down by 53% year-on-year.
Increase over January lifts GGR to MOP 7.7 billion, marginally up on February 2021.
Takings grew year-on-year, but compared poorly to the first five months of 2021 after Covid-19 restrictions stymied arrivals from the mainland.
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
The government’s receipts from gross gaming revenue taxes in the first eight months fell by 70.2% year-on-year to MOP 22.8 billion (US$2.87 billion), the Financial Services Bureau (DSF) announced last week.
JP Morgan Securities Asia Pacific analysts said in a note this week that Macao’s daily run-rate of roughly US$5.4 million (MOP 43.4 million) in casino win last month was the same as July’s, calling the figure “disappointing”.
Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.