January’s MOP 11.58 billion GGR up by 232.56 per cent month-on-month but around half receipts of MOP 22.12 billion prior to pandemic in January 2020.
GGR
Highest gross gaming revenue recorded since May this year while accumulated GGR is down by 53% year-on-year.
US ratings agency predicts 2022 GGR as low as 20% of 2019 levels, recovering slightly in 2023, at time of flux for city’s gaming industry.
Last month’s figure drops by 25.9 per cent month-on-month as city fights its worst Covid-19 outbreak, leaving Macao almost empty of visitors.
Operators face 1% tax hike on GGR; greatest concern is fate of satellite casinos and potential effect of job losses on Macao’s economy.
Macao’s total gross gaming revenue in the first five months decreased by 44 per cent year-on-year to MOP 23.79 billion.
Concessionaires’ contributions to city’s development will stay the same; chief executive will have final say in ‘major’ financial decisions.
Increase over January lifts GGR to MOP 7.7 billion, marginally up on February 2021.
Once again, blame for poor performance attributed to raft of restrictions introduced to combat the Covid-19 pandemic.
