Seeing a year-on-year growth of 492.2 per cent, Macao’s casinos recorded gross gaming revenue of MOP 10.4 billion in May.
GGR
Record numbers of visitors, drawn by Macao’s healthy reputation, are streaming back into the city bound for its casinos.
Casino licenses will expire in June 2022, but analysts predict they may well be extended due to the pandemic. Public consultation is still due to go ahead.
Receipts were down 63 per cent in January, well below what the government is planning to net from casinos this year.
Secretary for Economy and Finance said last month he expected this year’s government GGR tax receipts to be around MOP 130 billion, which is around MOP 10 billion per month.
December marks the 15th consecutive month of year-on-year declines since October 2019.
Melco Resorts held a 24.6% share of local gaming revenues between January and September, followed by Sands China at 19.5%.
Macao casinos’ gross gaming revenue rose 228.8% from MOP 2.21 billion in September to MOP 7.27 billion (US$910.9 million) last month.
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.
