Gambling

Macau November GGR falls 70.5% year-on-year

Macau casino gross gaming revenue for November fell 70.5% year-on-year to MOP6.75bn (US$844m), according to figures released by the Gaming Inspection and Coordination Bureau.

The total also represented a 7.2% decline from the MOP$7.27bn recorded in October, with October’s figure representing the second-highest total of the year.

In 2020, only January’s GGR of MOP$22.13bn has bettered last month’s figure.

Monthly GGR reached its lowest point of the year in June, with Macau recording just MOP$716m.

Last month’s rise in GGR came after the reinstating of the Individual Visit Scheme from China, firstly for residents of Zhuhai on 12 August, followed by all of Guangdong Province and all of mainland China on 26 August and 23 September respectively.

However, Macau casinos are still feeling the effects of the COVID-19 pandemic, with GGR now down 80.5% year-on-year for the first 11 months of 2020.

This year’s total currently stands at MOP$52.6bn, compared to MOP$269.2bn for the same period in 2019.

Macau’s Statistics and Census Service meanwhile released hotel occupancy figures for the region, reporting a 168% month-on-month increase for the number of mainland China tourists for October.

The figure of 358,000, however, represented a 56% year-on-year decline. Non-mainland guests for the month stood at 57,000, a 13.6% year-on-year increase.

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