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NewsMarch 18, 2022·1 min read
Macau's Gaming Revenue Rises to $964 Million in February 2022
Macau's casinos posted gross gaming revenue of US$964 million in February 2022, marking a 6.1% increase over the same month in 2021 and a 22.3% increase from January 2022. This modest recovery is a welcome sign amidst the ongoing Covid-19 pandemic, although it still falls short of pre-pandemic levels seen in 2019.
A crackdown on the operations of two casino junket organisers has further impacted tourist traffic to the region. David Katz, analyst for Jefferies, noted that February's figures may represent the near-term peak in Macau's gaming revenue due to ongoing COVID policies and new local outbreaks in Guangdong.
Looking ahead, analysts predict a 47% drop in revenue from VIP gamblers for 2022, which could hinder the recovery efforts that have seen a 40% rebound from the 80% fall in 2020.
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