Though pandemic conditions are improving on the mainland, China continues to adhere to its “zero COVID” policy that results in radical responses to coronavirus outbreaks. The pandemic strategy, paired with ongoing limitations on cross-border travel into Macau, continues to hamper the casinos, gaming analysts say.<\/p>\n
\nMay GGR shouldn’t come as a surprise given mobility curbs and weak travel sentiment (especially for cross-provincial and cross-border trips) in mainland China. We view these GGR prints as non-events until a reasonable level of traffic flow resumes with gradual easing of China’s travel\/border policy,”<\/strong> a note from JPMorgan read.<\/p>\n<\/blockquote>\nA bit of that border easing came today with Macau authorities lengthening the validity of negative tests for entry from 72 hours to seven days.<\/p>\n
However, travelers arriving by automobile or ferry from Guangdong remain limited to presenting a negative test conducted within the past 72 hours. The neighboring province delivers Macau more annual visitors than any other region in China.<\/p>\n
Frequent Visitor Crackdown<\/b><\/h2>\n Adding to the unease in Macau is China’s recent decision to limit the number of times known mainland gamblers are allowed to visit the casino hub. Last month, reports surfaced that mainland authorities began denying visa requests for Chinese citizens who frequent Macau specifically to gamble.<\/p>\n
\nThe COVID travel impediments and potential visa control on frequent gamblers may continue to impact near-term visitation and GGR,”<\/strong> a note issued today from Sanford C. Bernstein explained.<\/p>\n<\/blockquote>\nWith cross-border travel remaining subject to testing, and China limiting the number of times a mainlander can visit Macau to gamble, Bernstein forecasts that June GGR will come in around MOP4.9 billion (US$610 million). While that would be a 47% improvement on May, the predicted June ’22 GGR would still be almost 80% below June 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino revenue last month totaled just MOP3.34 billion (US$413.7 million). While that’s a 25% improvement from April 2022, the gaming win was 87% below May 2019. Macau’s Gaming Inspection and Coordination Bureau reported that May gross gaming revenue (GGR) began a rebound from April, which marked the region’s lowest monthly total since September 2020. […]<\/p>\n","protected":false},"author":25,"featured_media":215641,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Win in May 2022 Totals Just $413M<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n