Gaming

Macau GGR reaching new post-pandemic highs as China travel sentiment improves

Tuesday 23 de March 2021 / 08:14

⏱ 1 min read

(Macau).- Macau’s gross gaming revenues neared a new weekly high for a non-holiday period of around MOP$307 million (US$38 million) per day for the seven days from 15 to 21 March, driven by ever-improving travel sentiments in mainland China, according to analysts.

Macau GGR reaching new post-pandemic highs as China travel sentiment improves

Bernstein’s Vitaly Umansky, Kelsey Zhu and Louis Li said Monday that GGR during the past week climbed 13% week-on-week and 18% over February’s daily average, taking the March total so far to MOP$5.8 billion (US$725 million) at around MOP$278 million (US$35 million) per day.

“This implies last week’s run-rate was a solid MOP$307 million per day, one of the highest non-holiday reading post COVID-19, having recovered back to year-end levels (before the fresh travel curb was imposed and dragged on travel/gaming demand),” explained JP Morgan’s DS Kim and Derek Choi.

“This reflects gradually improving travel sentiments in China post Chinese New Year, as well as a return of local (Macanese) demand after recent easing of COVID-testing rules.”

The past week’s ADR is down 59% compared with a similar period in 2019 – more meaningfully comparable than March 2020 – while month to date GGR is down 67% on March 2019. Bernstein estimates that VIP volume is up by 5% to 7% on February 2021 and mass volumes by 6% to 8%.

“China has eased travel restrictions as the Jan-Feb COVID spike has come under control and Macau visitation has seen some increase,” Bernstein’s analyst team said. “We expect visitation and GGR to slowly improve during March and April,” with March GGR tipped to finish down “mid-60% versus March 2019.

Categoría:Gaming

Tags: Sin tags

País: Macao

Event

SBC Summit 2026

29 de September 2026

Uplatform Brought "Your Dreams. Our Platform" to Life at SBC Summit Lisbon 2026

(Limassol).- At Stand D215, Uplatform turned operator visions into reality during SBC Summit Lisbon 2026, blending standout experiential design with cutting-edge iGaming solutions.

Friday 09 Oct 2026 / 12:00

Kambi Highlights Network and LatAm Growth at SBC Summit

(Lisbon, SoloAzar Exclusive).- Mateo Lenoble, Head of Sales LatAm at Kambi, spoke to SoloAzar during SBC Summit 2026 in Lisbon about the company’s objectives at the event, the business opportunities emerging across Latin America, and the meaning behind its refreshed “Powerful Network. Proven Edge.” positioning.

Friday 09 Oct 2026 / 12:00

GR8_TECH Highlights Speed and Growth at SBC Summit 2026

(Lisbon, SoloAzar Exclusive).- Vardan Hakobyan, Head of Sales at GR8_TECH, spoke to SoloAzar during SBC Summit 2026, held from September 29 to October 1 at Feira Internacional de Lisboa, about the company’s objectives for the event, the business opportunities generated, its strategy in Latin America, and its priorities for the coming months.

Friday 09 Oct 2026 / 12:00