Macau sees total game sales fall
Nearly 40 casinos in Macau reportedly had a disappointing September after total game sales fell 49.6% year-over-year to slightly above $366.33 million.
Still, the 30-day figure represented a continuous increase of 35.3% compared to about $270.73 million compared to the end of August’s tally, according to a Saturday report by Inside Asian Gaming, citing official information from Enclave’s gaming inspection and coordination bureau. The sources also explained that the September tally was the highest since the city casino saw about $413.19 million in May, up about 10.6% from about $331.07 million in April.
Long delay:
Macau is home to some of the largest and most prestigious casinos on the planet, run by Win Macau Limited, MGM China Holdings Limited, Sands China Limited, Melco Resorts and Entertainment Limited, SJM Holdings Limited and Galaxy Entertainment Group Limited. The September tally reportedly shows that these properties have slightly exceeded total gaming revenue of $3.93 billion since the beginning of the year, and yet are 53.1% less than the approximately $8.38 billion accumulated in the same nine months of 2021.
Quarterly dilemma:
Using Saturday’s report on the issue, September figures took Macau’s third-quarter total gaming revenue to about $686.37 million, down more than 70.4% from about $2.32 billion in the same three months of 2021. The deterioration has reportedly led many casinos in the city to continue recovering from an 11-day lockdown that began in July after a regional surge in coronavirus infections and continued range of travel restrictions to the mainland.
Inside Asian Gaming reports Macau has yet to launch a quarantine-free travel policy for gamblers visiting from mainland China, with daily arrivals in the city reaching about 20,000 in September, well below the roughly 108,000 recorded in the same month last year. Citing data from Macau’s government tourism bureau and GGRASIA, the region welcomed 331,397 tourists in August, an average of 10,690 per day, the same as a 19% on-year decline.
Upcoming Optimism:
Nevertheless, as Macau’s Chief Executive Hoyat Seng reportedly announced last week that the Macau government was taking positive steps to address various tourism-related problems, the Macau leader reportedly mentioned that the former Portuguese residence plans to restore package tours and local eVisa plans soon.
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