Macau March GGR seen down 75% from 2019, first week flat

March 8, 2022 Macau Earnings & Filings

Macau’s gross gambling revenue is likely to be down 75 percent in March from its pre-Covid levels, with the first week of the month roughly flat from the prior week, according to Bernstein channel checks.

Daily GGR through March 6 was about MOP183 million, the firm said. Rising cases in Guangdong and Hong Kong, together with the start of two key Chinese political sessions – the National People’s Congress and the Chinese People’s Political Consultative Conference – are dampening travel demand.

For the month to date, GGR is about MOP1.1 billion ($135 million), down 78 percent from the same month of 2019 and down 32 percent from 2021.