According to data released on Monday by the city’s casino authority, the Gaming Inspection and Coordination Bureau, or DICJ, Macau casino gross gaming revenue (GGR) plummeted 8.9 percent sequentially in February, to MOP7.31 billion (US$914 million), down from just over MOP8.02 billion in January.
GGR rose by 135.6 percent in February compared to the same month last year. As a Covid-19 countermeasure, all Macau casinos had at least a 15-day delay in February 2020.
Chinese New Year
The outcome for February 2021 included Chinese New Year, which fell on February 12 this year and was followed by a seven-day holiday in mainland China.
Following a series of outbreak outbreaks in mainland China, officials urged people not to leave their home region during the holidays as a precaution against the spread of Covid-19.
As a result, tourism to Macau from the mainland – the only location with a largely travel-free bubble with Macau – was not as strong as casino investors had anticipated during Chinese New Year.
Significant increase third week of Feb
However, according to a February 22 note from brokerage Sanford C. Bernstein Ltd, Macau casino gross gaming revenue (GGR) “increased significantly” during the third week of February, i.e. the conclusion of the holiday season and immediately after.
On February 23, the Macau government declared that no city in mainland China was deemed a “medium risk” for Covid-19 infection transmission.
As a result, no mainland China visitor to Macau will be required to complete quarantine upon arrival in the city as of that date, depending solely on whether the arriving visitor had visited any ‘medium danger’ position on the mainland in the 14 days previous to arriving in Macau.