2020 ends with 79pct y-on-y decline in gaming revenues

2020 has ended with MOP60.4 billion (US$7.5 billion) in total gross gaming revenues, a 79.3 per cent drop from the previous year, showing the final toll of the Covid-19 pandemic in the local gaming sector.

December posted some MOP7.8 billion in gaming results, a 16 per cent increase from the previous month, with the last month of 2020 seeing a small recovery in visitor arrivals.

Still, it represented a 65.8 per cent drop from the same month in the previous year, albeit the lowest yearly comparison drop since January.

According to the Macao Government Tourism Office (MGTO) on Christmas day, December 25, visitor arrivals in the city hit 27,755, the second-highest daily record over the last ten months in the wake of the pandemic.

Average daily visitor arrivals in Macau exceeded 24,000 during the holiday season between December 23 and 27, a number 20.2 per cent higher when compared with the average daily volume of visitors between December 1 and 22, and 30.5 per cent more than the average in October, even with the Golden Week period.

The Macau government has estimated that 2021 will report some MOP130 billion in final gaming revenues.