Macau GGR falls 70.5% year-on-year in November to MOP$6.75 billion, slightly down versus October

Macau’s Gaming Inspection and Coordination Bureau reported gross gaming revenues of MOP$6.75 billion (US$844 million) in November, down 70.5% year-on-year and slightly lower than in October.

The figure represented a 7.2% sequential decline, with October GGR having reached a nine-month high of MOP$7.27 billion (US$911 million). However it still represents the second highest total since January when GGR reached MOP$22.13 billion (US$2.77 billion).

October’s GGR figure comes after China reinstated the Individual Visit Scheme for residents of Zhuhai from 12 August, all of Guangdong Province from 26 August and all of mainland China from 23 September. IVS accounted for 46.8% of the 27.9 million mainland Chinese visitors to enter Macau in 2019.

Revenue results began trending upwards in October, when GGR increased 229% sequentially to MOP$7.27 billion (US$911 million). Monthly GGR figures had reached their lowest point in June at just MOP$716 million (US$89.6 million), down 97.0% year-on-year.

For the first 11 months of 2020, Macau’s GGR is down 80.5% year-on-year to MOP$52.62 billion (US$6.58 billion) compared with MOP$269.62 billion (US$33.72 billion) over the same period in 2019.