China travel impediments see Macau GGR plummet 37% over past week
Tuesday 17 de August 2021 / 09:40
2 minutos de lectura
(Macau).- Travel restrictions in place across mainland China following a recent COVID-19 outbreak have seen Macau’s gross gaming revenues fall by 37% in the seven days from 9 to 15 August.
According to brokerage Bernstein, daily GGR plummeted from an average of MOP$125 million (US$16 million) from 1 to 8 August to just MOP$78 million (US$10 million) over the past seven days – the lowest daily rate since September 2020.
Although Macau is already reopening after a mass-testing blitz of all residents found no further cases of COVID-19, visitation from 6 to 12 August was 78% lower than in July, slightly improving in the days since to 50% of July’s average.
Estimated GGR for the first 15 days of August combined is 87% lower than August 2019 and 62% below July 2021 at MOP$1.55 billion (US$193 million)
“Travel ability and demand worsened over the past week due to the COVID contagion,” said Bernstein analysts Vitaly Umansky, Louis Li and Kelsey Zhu in a Monday note.
“Macau now has 14-day mandatory quarantine or ‘health management’ on travelers from districts in more than 30 cities of 11 provinces in China (but seven cities of four provinces were removed from the list over the past week). “The current COVID situation in China will last at least a month with disrupted travel to Macau.”
The analysts estimate August GGR to come in at least 80% below August 2019 and 50% below July 2021 levels, with September also likely to remain soft.
Categoría:Casino
Tags: Sin tags
País: Macao
Event
SBC Summit Americas 2025
13 de May 2025
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features
(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.
Monday 02 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.