Wynn Macau exec. director sees MOP100b in GGR as possible this year

Wynn Casino

Wynn Macau Executive Director Linda Chen is confident Macau will generate gross gambling revenue of MOP100 billion ($12.5 billion) this year, as long as the pandemic situation remains under control.

Speaking to local media on the sidelines of an event, she said the tourist figures for New Year had been a “good start” and said the outlook for January is positive.

She also expressed confidence Wynn will win a new concession in the upcoming tender process. The current licenses expire in June.

For 2021, GGR hit $10.8 billion, but was still only 30 percent of its 2019 levels. Analysts from J.P Morgan have tipped for further recovery of Macau GGR in 2022, reaching up to approximately US$18.5 billion – half of pre-pandemic levels, driven by further travel easing and a Greater Bay travel bubble in the first quarter.

Bernstein made a similar prediction, with 2022 GGR expected to reach around 59 percent of 2019 levels. 

The Macau government has said it expects to welcome about 40,000 visitors a day from Mainland China over the Chinese New Year holiday, which begins on Feb. 1st. However, mounting clusters of Covid across the border are causing a concern, with ferries between Macau and Shenzhen suspended.