Macau’s gross gaming revenue declined by 94.5% year-on-year to MOP$1.33 billion (US$166 million) in August, a near identical result to GGR previously reported for July of MOP$1.34 billion (US$167 million), itself a 94.5% year-on-year fall.
The figures, published by the Gaming Inspection and Coordination Bureau, make it five consecutive months of GGR declines comfortably exceeding 90%.
The governments of Macau and Guangdong have recently responded by reinstating the Individual Visit Scheme for residents of Zhuhai from 12 August and the whole of Guangdong Province from 26 August, with the first of the Guangdong-wide visa applications due to be approved from today, 1 September.
IVS accounted for 46.8% of the 27.9 million mainland Chinese visitors to enter Macau in 2019.
For the first eight months of 2020, Macau’s GGR is down 81.6% year-on-year to MOP$36.39 billion (US$4.55 billion) compared with MOP$198.22 billion (US$24.78 billion) over the same period in 2019.