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MACAU REGISTERS IN MARCH BEST RESULT SINCE PANDEMIC BEGAN

Figures released by the Gaming Inspection and Coordination Bureau of Macau show that gross gaming revenue (GGR) from March in the jurisdiction was US$1.04 billion, up 58.0% from March 2019. The figure also gives March the highest revenue figure in 2021 so far, up 13.6% on the US$912m generated in February, and 3.5% higher than the US$1bn recorded for January.

Cumulatively, that gives the special administrative region a GGR of US$2.95bn since the beginning of 2021, which still leaves the year down 22.4% on the US$3.80bn brought in by the end of March 2020.

The majority of the revenue generated between January and March 2020, US$2.76bn, was made in January, prior to the closures of gaming venues from February as a result of the novel coronavirus pandemic, which saw Macau’s gaming industry hit a standstill for the majority of the year.

Major operators in the region saw revenues plummet last year, with Sands China revealing a US$1.52bn loss for the year after its revenue dropped by 80.8%.

Melco Resorts and Entertainment, meanwhile, made a US$1.26bn loss as its full year revenue was reduced by 69.9%.

GGR for the region declined by 79.3% in 2020, amounting to MOP60.44bn compared to US$7.54bn in 2019.

Source: iGB

 




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