However, CEO Lawrence Ho strikes a positive note, stating that “The shadow of COVID-19 is finally receding”.
gross gaming revenue
Some analysts are predicting that the territory’s casinos will equal or even exceed their pre-pandemic level of earnings as early as next year.
MGM China is about to exceed pre-pandemic gaming revenues for this quarter, analysts say, while Wynn Macau is gaining significant market share.
Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
Although a strong performance, the figure is still well down on the totals registered before the Covid-19 pandemic.
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.
Results up 31.6% on September; Macao’s six gaming operators continue to run 37 casinos, but with 32 fewer gaming tables and 345 more slot machines.
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.