Macau’s gross gaming revenue will fall to around MOP14.6 billion (US$1.80 billion) at a much lower rate of 24.8 per cent year on year in the last quarter of the year, Deutsche Bank Securities Inc’s analyst Carlo Santarelli predicted last Saturday.
Although the forecast contrasts sharply with a 70.4 per cent year-on-year contraction recorded in the third quarter, it would be the same as the rate of decline seen in the first three months of the year if it turned out to be accurate.
The city only raked in about MOP 5,612 million (US$694.5 million) in gross gaming revenue in the three months to September, a period during which all the casinos in the territory had been closed for 12 days following a flare-up of Covid-19 infections.
However, Deutsche expected the fourth-quarter mass-market gross gaming receipts to stand at around MOP11.6 billion (US$1.43 billion), down 19.5 per cent year on year; and those from the VIP sector to be about MOP3 billion (US$368 million), a year-on-year fall of 40 per cent.
The investment bank’s prediction came a week after local authorities announced that the central government would resume online issuance of visas for individual travellers and allow group tours to return to Macau from four provinces and one city from later this month or early November.