Macau October GGR down 11% year-on-year
Macau has reported gross gaming revenue (GGR) of MOP$3.89bn (US$480m) for October 2022.
The figure represents an 11% decline from October 2021, when GGR amounted to MOP$4.36bn. Last month’s total is, however, a 31% increase from September 2022’s total of MOP$2.96bn.
The figure, from Macau’s Gaming Inspection and Coordination Bureau (DICJ), comes amid a mixed time for the city.
Earlier this week, a dealer allegedly tested positive for Covid, with three further people subsequently returning positive results.
In response, Macau’s Government announced a new round of testing in the city. It comes as China’s zero-Covid policy sees no signs of easing up, with the origin of the virus, Wuhan, recently heading back into lockdown after another outbreak.
There was, however, positive news, with China reopening its smart visa facility from the beginning of November for Chinese nationals coming from the mainland.
It represents the first time that Chinese residents can apply for a visa since March 2020. The Individual Visit Scheme was re-opened on 23 September 2020 but was only open to paper applications at public security departments.
February’s figure of MOP$7.75bn remains the highest total of 2022 so far, as well as representing the only month in which GGR grew year-on-year. January’s MOP$6.34bn is second, followed by October’s MOP$3.89bn and March’s MOP$3.67bn.
Macau GGR now stands at MOP$35.71bn for the first 10 months of 2022 so far. That figure represents a 51% decline from the first 10 months of 2021, when GGR amounted to MOP$72.15bn.
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