\u00a0<\/span><\/p>\nQuarantine easing has analysts optimistic. JPMorgan is forecasting that July GGR will range between $1.38 billion to $1.5 billion. That would mark a roughly 83 percent month-to-month surge.<\/p>\n
Billions Lost<\/b><\/h2>\n
Through the first six months of 2021, Macau casinos have won MOP49 billion (US$6.13 billion). While that’s 812.5 percent better than what the gaming properties generated through the first half of the year in 2020, it remains down from 2019.<\/p>\n
At this time in 2019, Macau GGR stood at MOP149.5 billion (US$18.7 billion).\u00a0<\/span><\/p>\n\n
Some good news broke this week. Officials in Macau and Hong Kong confirmed that the two sides are nearing a deal to allow for quarantine-free cross-border travel. Hongkongers, as early as this month could be permitted to visit Macau’s integrated resorts without quarantining.\u00a0<\/span><\/p>\n<\/div>\nThat will only happen, though, if new cases of COVID-19 do not arise in either SAR. Prior to the pandemic, Hong Kong accounted for about 20 percent of Macau’s visitor traffic.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Macau casinos struggled in June. Last month, gross gaming revenue (GGR) tumbled 37 percent from May. The Macau Gaming Inspection and Coordination Bureau revealed that the six commercial casino operators won MOP6.5 billion (US$820 million) in June. That number is 73 percent lower compared with the pre-pandemic June 2019. Gaming analysts got it right, as […]<\/p>\n","protected":false},"author":25,"featured_media":178288,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Continue Struggle, Gaming Revenue Down 37 Percent<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n