Hong Kong analyst corroborates worrying Macau GGR forecast

Yan Zhaojun, a Zhongtai International strategic analyst, has backed up the prediction made by gaming industry expert Ben Lee, suggesting July will see a record low in gross gaming revenue (GGR) for the Macau region

Yan Zhaojun, a Zhongtai International strategic analyst, has backed upward the prognostication made past gaming industry expert Ben Lee, suggesting July testament escort a book low-pitched inward 144 gaming revenue (GGR) for the Macau region.

Lee, Managing Partner of IGamiX Management & Consulting, predicted a July GGR of 'tween MOP 200m ($24.8m) and MOP 300m. If accurate, this forecasting would correspond a 90% diminish compared to June 2022, despite June transcription the lowest monthly GGR of the year.

Macau has been gripped by a young undulation of Covid-19 cases, with the part reporting 1,816 cases since 18 June.

In response, Macau authorities ordered the closedown of all businesses, including casinos, marking the first of all time casinos had been shut in over two years. These closures came amid falling visitant numbers to the region, both factors that tin can live attributed to the unforgiving GGR forecast for July.

Speaking to the Macau Daily Times, Zhaojun went farther than Lee, suggesting that July GGR could follow as low-pitched as MOP 100m, refuting the MOP 200m anticipation regular inward the best-case scenario.

Zhaojun went on to calculate a yearly GGR of below MOP 60bn, significantly less than the archetype prognostication of MOP 80bn.

Macau casinos began the cognitive operation of reopening after an relief of lockdown measures on 23 July. Under new conditions, 50% of casino staff may bring back to work, with stringent disinfection and societal distancing measures in place. These conditions are expected to follow inwards localise until at least 29 July.

Despite casinos reopening their doors, business sector remains slow up as a result of existing locomote restrictions, with predictions for August GGR difficult to gauge.