Ade 4


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


There are no comments

Add yours