Macau GGR down 63.7% year-on-year to MOP$8.02 billion in January as recovery continues

Macau’s casinos recorded gross gaming revenue of MOP$8.02 billion (US$1.0 billion) in January, down 63.7% year-on-year and representing another step forward for the SAR.

According to figures published by the Gaming Inspection and Coordination Bureau (DICJ) on Monday, January GGR improved by 2.6% versus December – despite being negatively impacted by recent outbreaks of COVID-19 in parts of mainland China that have seen authorities warn against unnecessary travel in the lead-up to Chinese New Year. The figure exceeded expectations, with analysts having estimated a year-on-year decline of around 67% compared with January 2020 GGR of MOP$22.13 billion (US$2.77 billion).

December ‘s GGR of MOP$7.82 billion (US$977.5 million) had been the highest since January 2020, aided by a seventh straight month of improved visitation with visitor numbers reaching 659,407.

However, GGR has continued to decline on an annual comparison basis with January representing a 16th straight month of falling year-on-year revenues.

Macau’s total GGR for 2020 was MOP$60.44 billion (US$7.56 billion), down 79.3% year-on-year.