May gaming results to remain weak with slight m-to-m improvement
Wednesday 04 de May 2022 / 12:31
2 minutos de lectura
(Macau).- May gaming results will remain weak but improve from April, analysts from Sanford C. Bernstein have estimated.
Amid repeated outbreaks in Mainland China, monthly gross gaming revenues reported in the Macau SAR have continued to decrease this year, with April reporting a total of MOP2.6 billion (US$331.2 million), a 68 per cent year-on-year plunge and the lowest monthly tally reported since August, 2020.
According to a Bernstein dispatch, the April total was also only 11 per cent of the results reported in April, 2019 prior to the pandemic, with only MOP89 million in average daily revenue.
However, a recovery had been reported on daily gaming averages from April 25 to 30 to MOP96 million daily helped by Macau’s relaxed border policy with travellers entering from Guangdong now required to present a COVID test up to 72 hours prior to entry, as opposed to the 48 hours since April 20, and 24 hours earlier in April and March.
Bernstein also noted that visitation in Macau during the Labour Day is going ‘better than expected’ by local authorities with at least a 25,000 daily average for tourist arrivals.
Tourism authorities indicated that 41,584 tourists visited Macau on the first day of the Labour Day holiday period on April 30, the highest single-day number of visitors so far this year, but that number then dropped to some 25,000 entries on May 1.
“The Labour Day holiday is usually a three-day break, but this year, the China government has extended it into a five-day holiday. The holiday extension would in normal times be highly positive for Macau visitation and revenues, as more people would travel,” Bernstein indicated.
“However, with the COVID outbreaks in China, and lockdowns across many regions in China, travel will definitely not live up to prior expectations”
Categoría:Casino
Tags: Sin tags
País: Macao
Event
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 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.