Macau daily GGR 9 pct w-o-was visitor numbers rise

Citing its own channel check in Monday’s memo, brokerage Sanford C. Bernstein estimated Macau’s average daily casino gross game revenue (GGR) for the week to Aug. 21 was $86 million ($10.6 million), up 9% from the previous week’s daily MOP79 million.

The brokerage says city visitor numbers have been “helped by continued improvement” since inbound and outbound travel restrictions were eased in early August after Macau’s GGR performance from Aug. 15 to Aug. 21 allowed local authorities to control the local COVID-19 outbreak, which was first recorded on June 18.

“But recovery is still slow due to China’s various travel restrictions, and players are being cautious about travel because they fear the government will suddenly issue lockdown orders,” Sanford Bernstein analysts Vitaly Umansky, Louis Lee and Shirley wrote.

“Macao has had zero COVID-19 cases since July 30, and visits have improved somewhat this month, but the pace of GGR recovery in August and September remains uncertain and largely depends on whether China can quickly contain the local COVID-19 outbreak,” they added 온라인경마

The channel’s confirmation showed Macau’s GGR in the first 21 days of August was 1.4 billion MOPs, down 53% year-on-year to 67 million on a daily average, but up 419% month-on-month from July.

The Macau Casino GGR in July was 3.98 million MOPs, the lowest monthly tally since the city’s current record, dating back to 2003. The Macau casino floor was only open for 31 days of the month. The lockdown from July 11 to July 22 was part of measures against COVID-19 regional outbreaks.

Macau’s government tourism bureau (MGTO) said in an update on Monday that the number of visitors reached 81,798 in the seven days from Aug. 12 to Aug. 18. According to the Tourism Bureau, it is up about 56 percent from the previous seven days.

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