However, the figure for August is still only 71 percent of the sum registered for the same month in 2019, the last year before the Covid-19 pandemic.
Macao GGR
Last month marked the highest gross gaming revenue recorded in Macao post-pandemic; with 9.6 percent month-on-month growth.
The month of June is traditionally a flat one for the territory, with Macao’s gaming concessionaires affected by a seasonal slowdown.
Analysts say Macao is capable of generating comfortably more gaming revenue than the government has targeted this year.
Nearly 40 percent of the government’s targeted gross gaming revenue for 2023 has been made in the first four months of the year, data shows.
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.
Last month’s figure up by more than five times month-on-month as city begins to recover from its worst Covid-19 outbreak and visitor arrivals start to pick up again.
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.