2021 to end with gaming results 67pct lower than pre-pandemic year – Brokerage

After the August gross gaming results tumble, Deutsche Bank has revised its estimates for the 2021 total tally towards some US$12.1 billion (MOP97 billion) or 67 per cent less than reported in 2019 pre-pandemic.

Gaming results in August dropped 82 per cent from August 2019 and down 47 per cent from July 2021 to some MOP4.4 billion, the lowest monthly results reported this year so far.

August results were significantly constrained due to COVID-related travel slowdown and shutdown in China and border controls in Macau, due to the discovery of four local COVI cases on August 3.

According to estimates by the Managing Director of Deutsche Bank Securities Inc., Carlo Santarelli, the third quarter of this year should see a total of US$2.4 billion in gaming results with the last quarter ending with US$3.5 billion.

Of the total US$2.4 billion in results expected for the July-September period, some US$1.5 billion should be from mass market with US$917.9 million from VIP.

Meanwhile, a total of US$7.7 billion in the total 2021 gaming results should be represented by mass market, and 82 per cent year-on-year rise, with VIP amounting to US$4.3 billion.

The Macau SAR budget public budget for this year predicted a total of MOP130 billion in gross gaming revenues for 2021, with only 47.6 per cent of that amount reached by August.