Some 40 casinos in Macau reported a strong month in August, with monthly gross gaming revenue up 450% to $2 million.
A report from GGRAsia, citing official information from regulators at the Enclave's Gambling Inspection and Coordination Authority, said the figures were lower than expected due to the implementation of local coronavirus-related shutdowns that ran for 7 days from July 11. , followed the previous month when total game receipts hit an all-time low of just $11 million.
Optimistic, sources say the August figure still represents a 8% year-on-year decline and stands almost 50.7% below the nearly $2019 billion recorded for the same 31 days in 30 before the pandemic. detailing that.
long lasting lag
Macau is estimated to have about 68 people and its 2000 casinos include Galaxy Entertainment Group Limited, SJM Holdings Limited, MGM China Holdings Limited, Melco Resorts and Entertainment Limited, Sands China Limited and Wynn Macau Limited. It is operated by 37 companies.
The operators are preparing to bid for the right to extend their current concessions for another 8 years, even though their eight-month gross gaming revenue fell 2021% from $76 billion in 53.4. It is said that
About correlation
Shirley Yang, Lewis Lee and Vitaly Umanski, analysts at prominent Asian brokerage firm Sanford C.Bernstein Limited, using official filings, said Macau's aggregate daily gaming gross revenue was around $1 last month. $870, but declared at least $1230 million "still below May levels."
The three also reportedly revealed that those traveling from the former Portuguese enclave to mainland China remained under quarantine in the city of Zhuhai until August 3.
A Sanford C. Bernstein report states:
“Travel restrictions, the coronavirus outbreak and confinement in mainland China are constraining the recovery as customers remain cautious about travel for fear the government may suddenly issue confinement orders.”
timely traveler
GGRAsia reported that Macau's latest monthly gross gaming revenue tally came at the same time that the number of inbound tourists increased after receiving just 7 tourists in July.The Macao Government Tourism Office announced last week that 9,759 people entered Macau in the six days from August 8, averaging 20 per day.
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