Macau GGR of 130 billion patacas possible, if no outbreaks: CE

Macau chief executive Ho Iat Seng says the government expects Macau gross gaming revenue to reach around MOP 130 billion in 2022, subject to Macau being free of local Covid-19 outbreaks in the year. 

The GGR forecast figure was the exact same one expected for 2021, though an outbreak of Covid-19 in August, September, and subsequent travel restrictions in October had set back recovery, said the chief executive. 

Mr. Ho made the comments on his return from a four-day visit to Beijing to meet with President Xi Jinping and Premier Li Keqiang about Macau’s current political, social, and economic development. 

Speaking to the press at the Macau International Airport, the chief executive also discussed the city’s licensed gaming promoters, noting that the government had no role in the cooperation between gaming concessionaires and gaming promoters, adding that they were not a mandatory element of either concession or sub-concession contracts. 

Mr. Ho said the government has yet to assess the impact of the suspension of junket promoters, adding that the Labor Affairs Bureau will continue to assist junket employees affected, according to Macau Business.