Monday, July 15, 2024
HomeNewsMacauMacau July GGR to be down 98%, unclear of casino reopening timetable: Bernstein

Macau July GGR to be down 98%, unclear of casino reopening timetable: Bernstein

Macau’s gross gambling revenue is likely to be down 98 percent in July as casinos remain shuttered, with reopening also unclear due to a planned “consolidation period,” Bernstein notes.

Macau’s casinos were shut down for seven days as part of a citywide lockdown from July 11th. That closure has been extended for a further five days until July 22nd.

“The government also indicated a “consolidation period” could follow after the current lockdown period, during which public venues like gyms and beauty salons will remain closed and dine-in in canteens may still be prohibited, and it’s not clear yet whether casinos might remain shut during the consolidation period,” the analysts said in a note. 

Bernstein said that casinos had generated about MOP200 million (($24.7 million) in GGR through to July 10th, and zero revenue during the closures.

For August, Bernstein expects market-wide GGR to be down 90 percent from pre-Covid levels, but could be lower still if the lockdowns and travel restrictions persist. 

Sharon Singleton
Sharon Singleton
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.



daily newsletter