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

Ben Blaschke by Ben Blaschke
Mon 1 Feb 2021 at 12:52
Macau to apply “closed-loop” system to prevent COVID-19 outbreak with 115 residents to return from high-risk areas this week
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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.

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Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

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