First drop in Macau GGR since restrictions lifted

Macau recorded casino gross gaming revenue of MOP15.21 billion (US$1.88bn) in June, down 2.3 per cent from MOP15.57 billion in May.

This is the first month the city reports GGR dropping month-to-month since all travel restrictions were removed.

According to information from the Gaming Inspection and Coordination Bureau, the latest monthly tally was up 514 per cent from June 2022, when the GGR was only MOP 2.48 billion ($307 million).

The May result was the second highest monthly performance since January 2020.

Macau’s casino GGR stood at MOP80,14 billion ($9.93bn) for the first half year, an increase of 205 per cent from a year earlier. The tally represents only 54 per cent of GGR of 150bn ($18.5 billion) in 1H19.

In the city’s chief executive’s 2023 policy address last November, the Macau government estimated 2023 gross gaming revenue at MOP$130bn ($16.25bn). Although Macau’s tourism recovery continues, the government insists on its budget estimate.

According to data from government, Macau had a daily average of over 70,000 visitor arrivals in June and had an aggregate of nearly 9.44 million visitor arrivals for the first five months of this year, of which just above six million – or 64.6 per cent – were from mainland China. The government expects more than 20 million tourists by the end of the year.

Source: Asia Gaming Brief