Macau GGR down 96.8% in April

Home » Macau GGR down 96.8% in April

Macau’s gross gaming revenues plummeted by 96.8 per cent year-on-year to just MOP$754m in April, according to data released by the Gaming Inspection and Coordination Bureau.

The result was largely in line with analysts’ estimates and it comes after Guangdong province introduced mandatory 14-day quarantine for all arrivals from Macau, including local Guangdong residents.

For the first four months of 2020, Macau’s GGR is down 68.7 per cent year-on-year to MOP$31.24bn compared with MOP$99.74bn over the same period in 2019.

Credit Suisse equity analyst Kenneth Fong said the final figure came as no surprise but tipped a relatively fast recovery in the near future, pending the relaunch of the Individual Visit Scheme.

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