Macau reported gross gaming revenue (GGR) of MOP$2.18 billion (US$270 million) for the month of August 2022, a 51% decrease from the previous year.
The figure, provided by Macau’s Gaming Inspection and Coordination Bureau (DICJ), is a significant improvement over last month’s total of MOP$398m, the city’s worst monthly performance since the pandemic began, with Covid restrictions taking their toll. The total represented a 95% year-on-year drop in GGR and continued a general downward trend.
Despite the fact that GGR fell 51% from August 2021 to August 2022, the year-on-year downward trend appears to have halted, with the monthly increase providing at least some hope to interested parties.
However, August’s total of MOP$2.18 billion is the second-lowest of 2022, trailing only July’s total of MOP$398 million. It nearly reached June’s MOP$2.47bn, the next lowest figure on the list, but it is still a long way from February’s MOP$7.75bn, the highest total of 2022 thus far.
February is the only month this year that hasn’t seen a year-on-year decline, with GGR rising 6% from February 2021.
The low figures and year-on-year declines in 2022 have been attributed, in part, to a reduction in cross-border and cross-provincial travel from mainland China as a result of China’s Zero Covid policy.
GGR is now at MOP$28.85 billion for the year, representing a 53% year-on-year decrease. Last year at this time, Macau’s GGR was MOP$61.9 billion.