Macau’s daily GGR drops 23% in week after Dragon Boat Festival holiday

June 14, 2022 Macau Earnings & Filings Industry Updates

Macau’s daily gross gaming revenue (GGR) fell 23% week-on-week in the seven days from 6 to 12 June 2022, coming off the back of a stronger start to the month thanks to the Dragon Boat Festival long weekend.

According to brokerage Bernstein’s weekly GGR channel checks, this places month-to-date GGR at MOP$1.25 billion (US$153 million) with an average daily rate of MOP$104 million (US$13 million) – 3% lower than in May. It is also down 87% on June 2019 and 52% lower than June 2021.

“GGR in the first half of June is still constrained by weak travel sentiments and visa control from mainland [China],” said analysts Vitaly Umansky, Louis Li and Shirley Yang. “VIP volume and mass GGR were marginally improved from May 2022, with slightly elevated VIP hold-rate.”