Although the increase is considerable compared to last year, it is still far from September 2019’s GGR of MOP 22.1 billion.
gross gaming revenue
Revenues show a great improvement over this time last year, but have a long way to go before catching up with the heady days of 2019.
Takings grew year-on-year, but compared poorly to the first five months of 2021 after Covid-19 restrictions stymied arrivals from the mainland.
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.
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.
Macao’s oldest gaming operator takes a massive hit, but remains optimistic and aims to open Grand Lisboa Palace by mid-year.
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
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.