Macau reported a Gross Gaming Revenue (GGR) of MOP$2.99 billion (US$370 million) for November 2022. The figure represents a 56% drop from November 2021, when GGR amounted to MOP$6 .74 billion.
The November 2022 total also represents a 23% decrease from the October 2022 total of MOP$3.89 billion. The latest figure also corresponds to a decrease of 87% compared to November 2019, when Macau obtained GGR of MOP$ 22.88 billion.
The reductions come despite China’s National Immigration Administration resuming electronic applications (eVisas) for travel from the mainland to Macau under the Individual Visit Scheme.
This was implemented at the beginning of the month, but analysts noted that the resumption of eVisas had little positive impact in the short term, mainly because of the current Covid-19 pandemic situation across mainland China, which severely restricts travel.
Macau records 51% drop in 2022 compared to 2021
The November results, released by the Directorate of Inspection and Coordination of Games (DICJ), indicate that gross gambling revenue for the 11 months of 2022 is 38.71 billion patacas. The figure represents a 51% decrease from the prior-year period, where GGR totaled MOP$78.9 billion in the first 11 months of 2021.
February’s figure of MOP7.75 billion remains the highest total of 2022 so far, as well as representing the only month in which the game’s revenue grew, with the total up 6% compared to February’s performance. from 2021.
January’s figure of MOP6.34 billion is the second highest total for 2022 so far, followed by October and March at MOP$3.89 billion and MOP$3.67 billion respectively. Despite representing the third highest total for the year, the October 2022 tally was still an 11% drop from October 2021.