Average daily gaming revenues down 35pct due to Guangdong travel restrictions

Average daily revenues reported between the June 7-14 week has already dropped by 35 per cent from May levels to about MOP219 million (US$27.3 million) after a drop in visitors as the neighbouring Guangdong Province reported a string of new Covid-19 cases, analysts from Sanford C. Bernstein indicated.

Macau’s month to date gaming revenues between June 1-14 reached MOP3.1 billion, as entry requirements in the city have become stricter.

With the Labour Day Golden Week and fewer restrictions May reported a total of MOP10.4 billion in gross gaming revenues, the first time since the pandemic monthly levels have gone over MOP10 billion

However, as locally transmitted cases in Guangdong increased, since June 8, people entering Macau from Guangdong Province were requested to present a negative Covid-test certificate within the prior 48 hours, while starting from June 13, people entering Macau from Wenzhou City, Zhejiang Province must also present a negative Covid-test certificate within the prior 72 hours.

‘However, the number of newly Covid-19 cases in Guangdong has decreased over the past few days. The government of the capital city, Guangzhou, has expressed confidence that the new cases will reach zero by June 20,’ the brokerage noted.