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 144 gaming revenue (GGR) is cut down 84% when compared to in conclusion month as the city’s Covid restrictions use up 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 carrying out since the pandemic began.

This also represents an roughly 95% fall in GGR year-on-year, falling from MOP$8.44bn, and continues a general downward trend.

For June, Macau reported MOP$2.47bn, which constitutes a 62% decrease year-on-year, while May and April saw the urban center station 68% GGR losses.

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

Much of this tin can follow attributed to Macau’s enforcement of China’s Zero Covid policy. An outbreak inward mid-July saw the city once to a greater extent plunged into lockdown, with casinos among those properties forced to close.

While this only when lasted for to a lesser extent than II weeks, with casinos opening night on Saturday 23 July, other restrictions remain, and their negatively charged financial wallop has clearly been immense.

As a result of these restrictions, travelling 'tween Macau and the Chinese mainland has been difficult, severely limiting the list of potential gambling casino customers.

This also comes as the city’s gambling casino manufacture attempts to recuperate from a painful, pandemic-stricken yesteryear ii years.

In 2019, before the pandemic began, to each one month saw Macau study GGR in surplusage of MOP$20bn, but since Feb 2020, the city hasn’t still managed to break up the MOP$10bn mark, with the fillet of sole exclusion of May 2021.