Macao’s 2022 Gross Gaming Revenue Down By 51.4% Year-on-Year

January 3, 2023 | Financial

December GGR down by 56.3 per cent year-on-year from MOP 7.8 billion to MOP 3.48 billion; city’s six gaming operators began new 10-year concessions yesterday.

MACAO, SAR (January 2, 2023) — Macao’s accumulated gross gaming revenue (GGR) in 2022 was MOP 42.19 billion, down 51.4 per cent compared with 2021, when the GGR was recorded at MOP 86.86 billion.

According to the Gaming Inspection and Coordination Bureau (DICJ), Macao casinos’ GGR in December was MOP 3.48 billion, down 56.3 percent compared with December 2021, when the casinos’ revenues were MOP 7.96 billion.

However, last month’s figure showed a month-on-month increase of 16.1 percent from MOP 2.99 million in November.

In addition, the figure dropped 84.62 percent from the pre-pandemic figure of MOP 22.83 billion in December 2019.

Compared to the figure prior to the pandemic, last year’s accumulated GGR decreased by 85.57 percent from MOP 292.45 billion in 2019. Macao currently has 30 casinos operated by the city’s six gaming concessionaires – SJM (13), Venetian Macau (5), Galaxy (4), Melco Crown (4), Wynn Resorts (2), and MGM (2).

Yesterday, the six gaming operators began their new 10-year concessions which were signed by the gaming companies’ representatives last month.

As of last year’s third quarter, the city had 5,974 gaming tables and 12,387 slot machines.

SOURCE: The Macao News.

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