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Macau Record 79% Full Year Drop In GGR

As the year closed for Macau for 2020 the Gaming Inspection and Coordination Bureau released the full year results for casino operators in Macau showing a decline of 79.3% in gross gaming revenue (GGR) compared to 2019 figures.

Given the year Macau along with the whole world suffered due to the global pandemic the figures were not that surprising, in total GGR for the year stood at $7.57 billion for the full year with December bringing in a fall of 65.8%, however it was an increase on the previous month of 15.9%.

Many analyst’s believe the road to recovery for Macau will take time and the first two quarters of 2021 will be challenging even thou China’s Individual Visit Scheme was now fully operational once again.

Confidence on gambling and also with investors will take time to repair, however Macau as we know will know more than most that challenges are ahead.

Claire

iGaming & land based specialist reporter for the global gaming market

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