Published
Casino

Macau GGR for February takes 88% hit due to coronavirus

Gross gaming revenue (GGR) in Macau took a huge hit for February; down 88% year-on-year after the coronavirus outbreak forced a closure in its casinos during the month.

Macau

Monthly GGR for February was MOP3.10bn ($386.9m), a significant decrease from last year’s figure of MOP25.37bn, while January’s revenue also previously fell by 11% to MOP22.13bn.

Accumulated gross revenue for the year so far is subsequently down 50% to MOP25.23bn.

Casino operations only re-opened on 20 February after a two-week closure due to fears over the coronavirus.

While there haven't been any new cases for more than a month, since 10 cases were originally confirmed, mainland China has reported more than 80,000 cases, with nearly 3,000 deaths in total.

It’s been a tumultuous time for Macau casinos, with revenue decreasing towards the backend of 2019, recording a three-month decline from October, down 9% in November from a year earlier and 14% in December.


Asia News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Live! Casino & Hotel Maryland
Mohegan
Mohegan Inspire
DraftKings
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...