GGR for the month amounted to MOP$7.76 billion ($946/€845.9 million) largely in-line with analysts’ expectations of 7% growth for the period. This was due to a strong Lunar New Year period that saw a spike in tourism to the island territory.
Macau Casinos Report 6% Year-on-Year Revenue Growth for Busy FebruaryHowever, despite the positive numbers showing a 35% month-on-month increase, GGR for the month was down by 69% when compared to February 2019 prior to the pandemic.
Macau Casinos Report 6% Year-on-Year Revenue Growth for Busy FebruaryWynn Resorts reported an increase in both VIP and premium mass players during the holiday. The company reported that direct VIP and mass drop rolling stood at 60% and 88% of 2019’s Lunar New Year levels. Meanwhile MGM China reported that its mass market gaming had returned to 85% of its pre-pandemic levels.
Jenny Tang
Macau Casinos Report 6% Year-on-Year Revenue Growth for Busy February