Macau s March GGR worst in 18 months at 459m

Macau has recorded gross gaming revenue (GGR) of MOP3

Macau has recorded gross gaming revenue (GGR) of MOP3.67bn (US$459m) for March 2022.

This is push down 56% year-on-year and 54% let down than GGR recorded in February, according to information recorded by the Gaming Inspection and Coordination Bureau (DICJ).

This GGR tote up of MOP$3.67bn is the lowest since Sept 2020 and worse than medial psychoanalyst estimates of 55%.

Revenue was shoot down 86% from pre-pandemic levels inwards Mar 2019. Accumulated porcine revenue was down pat(p) 25% year-on-year in March, too, at MOP$17.75bn.

March’s swift downswing has flattened hopes of a gradual recovery continuing, as had been intimated inwards both Jan and Feb this year.

It is the reintroduction of locomote restrictions and societal distancing measures, next a boost inward Covid-19 cases in Macau’s surrounding prefectures, that has fuelled this downturn.

Moreover, lockdowns inward major Chinese regions and cities, including Shanghai as intimately as Hong Kong, have contributed to a important simplification in the keep down of tourist visitations to Macau.

It is widely expected that Macau’s visitant information for Mar testament follow mastered markedly from the previous month also. The foremost ii weeks of March solo saw visitation minify past 23% on the same full stop in February.

A continuous slew of lockdowns, which have plagued Chinese territories for over deuce years, shows no more signs of abating, granted that mainland China is persisting with its zero-tolerance policy on Covid.

This is non the only if military issue Macau is currently facing – the neighborhood is inwards the thick of changes to gambling regulations and updates to casino licences, as considerably as a over(p) service of its junket system.