2022 total GGR to be closer to 2020 results than 2021 – Analyst

This year will end with gross gaming results closer to those of 2020 when the pandemic first started than in 2021 due to the recent outbreak, gaming expert and managing director of 2NT8, Alidad Tash, told Macau News Agency.

According to the gaming data analyst, the SAR gross gaming revenues in 2020 and 2021 were 20 per cent and 30 per cent of the pre-pandemic period in 2019, respectively.

“The impact of the pandemic was devastating, but at least, there was a small recovery last year. Despite the effective junket shut down last December, there were rays of enthusiasm for a mass recovery in 2022. In fact, at the beginning of the year, many analysts, including me, were predicting 2022 to improve to at least 40 per cent of 2019’s figures, a continued improvement,” Tash told MNA.

However, the first five months of the year generated lower expected revenues and the Covid-19 outbreak in the SAR this month – the worst so far in the city – and its resultant restrictions have dashed all hopes for this year outperforming last year.

In 2020 – the year when the pandemic first broke out – the SAR reported a total of MOP60.4 billion (US$7.4 billion), an 80 per cent plunge from the previous year.

Those results then improved by 43.7 per cent to MOP86.8 billion in 2021 as travel restrictions were for mainland visitors.

Source: https://www.macaubusiness.com/2022-total-ggr-to-be-closer-to-2020-results-than-2021-analyst/