Macau reports 95 GGR drop for July worst month since pandemic began

Macau’s gross gaming revenue (GGR) is down 84% when compared to last month as the city’s Covid restrictions take their toll

Macau’s porcine gaming revenue (GGR) is down pat(p) 84% when compared to last-place month as the city’s Covid restrictions get hold of their toll.

According to data from the Gaming Inspection and Coordination Bureau (DICJ), Macau generated MOP$398m (US$49m) for July, the city’s whip monthly execution since the pandemic began.

This also represents an just about 95% drop inwards GGR year-on-year, falling from MOP$8.44bn, and continues a full general downward trend.

For June, Macau reported MOP$2.47bn, which constitutes a 62% diminution year-on-year, while May and Apr saw the metropolis station 68% GGR losses.

In fact, so far this year, every month except Feb has seen Macau station double-digit GGR decreases when compared to 2021.

Much of this canful live attributed to Macau’s enforcement of China’s Zero Covid policy. An irruption inward mid-July saw the city at one time to a greater extent plunged into lockdown, with casinos among those properties forced to close.

While this only lasted for less than ii weeks, with casinos curtain raising on Sat 23 July, other restrictions remain, and their negative financial wallop has clearly been immense.

As a termination of these restrictions, go between Macau and the Chinese mainland has been difficult, severely limiting the number of potency gambling casino customers.

This also comes as the city’s cassino industry attempts to recoup from a painful, pandemic-stricken past tense deuce years.

In 2019, before the pandemic began, from each one month saw Macau cover GGR inward nimiety of MOP$20bn, but since February 2020, the metropolis hasn’t yet managed to wear out the MOP$10bn mark, with the fillet of sole elision of May 2021.

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