Macau GGR revenue sees 94.5% drop in August

Posted: Sep 02, 2020 09:59 Category: Asia , Posted by Maria Debrincat

Macau GGR in total in August fell by 94.5% year-on-year to 1.33 billion MOP, almost the same as July’s total revenue

According to data released by The Gaming Inspection and Coordination Bureau (hereafter called as the DICJ), Macau’s gambling industry has been severely hit by COVID-19, and total gambling revenue has fallen by more than 90% for five consecutive months. Among them, July fell by 94.5% year-on-year to 1.34 billion MOP. 

Macau GGRMacau and the Guangdong Provincial Government of China have responded to individual free travel visas. Since August 12, the free travel endorsements for residents of Zhuhai, China have been restored.

Zhuhai is a prefecture-level city under the jurisdiction of Guangdong Province of the People’s Republic of China, a special economic zone established by the State Council, and a core city on the west of the Pearl River Estuary. Also, with the opening of the Hong Kong-Zhuhai-Macau Bridge in 2018, Zhuhai has become the only Pearl River Delta city in Mainland China that borders Hong Kong and Macau. 

Since August 26, free travel throughout Guangdong Province has been resumed. And on September 1st, visas to Macau within the scope of Guangdong Province were issued. In 2019, the number of tourists to Macau was 27.9 million, of which 46.8% are from individual free travel visa. 

In the first eight months of 2020, Macau’s GGR fell by 81.6% year-on-year to 36.39 billion MOP, compared with 198.22 billion MOP in the same period in 2019. 

About SiGMA Europe – Malta

SiGMA Group has announced the postponement of its Europe summit, which was planned to be held in Malta on 17-19 November 2020. The show will now open its doors early next year in February, running from the 16-18th, making it the first event to headline the 2021 gaming calendar.

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