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Macau records GGR of MOP$3.67 billion in March, worst in 18 months

Ben Blaschke by Ben Blaschke
Fri 1 Apr 2022 at 12:49
Law firm says alternative options available to limiting dividends under proposed Macau gaming law amendments
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Macau recorded gross gaming revenue of MOP$3.67 billion (US$459 million) in March, down 55.8% year-on-year and 53.7% lower than February according to information from the Gaming Inspection and Coordination Bureau.

The March figure was Macau’s worst since September 2020, when GGR was MOP$2.21 billion (US$274 million), and was 85.8% lower than March 2019 GGR of MOP$25.84 billion (US$3.20 billion).

GGR was negatively impacted by COVID-19 outbreaks across much of mainland China, including both Zhuhai and Shenzhen – the latter of which was locked down for a week mid-month.

Macau’s Novel Coronavirus Response and Coordination Center also shortened the validation period of mandatory COVID-19 virus test results for those entering from Zhuhai from 48 hours to 24 hours.

For the first three months of 2022 combined, GGR was down by 24.8% year-on-year to MOP$17.77 billion (US$2.19 billion). The DICJ previously reported GGR of MOP$86.86 billion (US$10.76 billion) for FY21, a 43.7% increase over 2020.

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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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