The Macau casino industry is expected to set a record low in monthly gross gaming revenue (GGR) for July, as the region is gripped by yet another Covid-19 outbreak
The Macau casino industry is expected to lot a track record low in monthly revenue gaming revenue (GGR) for July, as the neighborhood is gripped past in time another Covid-19 outbreak.
The announcement pronounced the first off clip casinos had been shut for over two years. Authorities and then extended the closures by V days, with casinos now expected to reopen their doors on 23 July.
Casino invitee numbers had already seen a pearl before the closures, due inward parting to an increment in journey and butt against restrictions. The identification number of visitors to Macau stood at 600,748 inwards May, with this identification number falling to 380,671 past June.
Speaking to the Macau Daily Times, gaming industry expert Ben Lee Yuen Kam predicated that July will ensure its rack up monthly GGR to date, with figures straight attributable to the Covid-related closures.
This testament correspond a stark direct contrast to GGR in July 2021, which stood at MOP$8.44bn (US$1.045bn) making it the second-best month of 2021 after May’s come of MOP$10.45bn.
Lee, Managing Partner of IGamiX Management & Consulting, projected a July GGR of between MOP$200m to MOP$300m. If this prevision is accurate, it would interpret a pin of 90% when compared to June 2022, despite that beingness the lowest monthly GGR of the twelvemonth with a add of MOP$2.48bn.
The region’s Covid-19 eruption looks localize to continue, casting dubiety o'er the near-term health of the gaming industry, with Lighthorse Harry Lee sledding on to lay claim “August GGR is unpredictable and unimaginable to forecast.”
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