Macau enjoys year-on-year revenue increase in June
Macau brought in gross gaming revenue (GGR) of MOP6.5bn ($812.9m/£589.3m/€686.5m) in June, an increase of 812.7% compared to June 2020 as the territory continues its recovery from the effects of the novel coronavirus (Covid-19) pandemic.
However, the figure represents a decrease of 37.4% month-over-month in comparison to results from May.
Currently, Macau's cumulative gross income for the year stands at MOP49.0bn, an increase of 45.3% year-on-year.
June's result is the lowest GGR number recorded in 2021 so far, after the MOP7.3bn recorded in February.
The figures were provided by Macau's Gaming Inspection and Coordination Bureau.
Revenue in the jurisdiction has grown steadily from February, after Macau's government lifted Covid-19 travel restrictions on the region.
In particular, the self-isolation rule for Macau visitors impacted casino revenue in 2020. These restrictions were relaxed as the year went on, but operators continued to suffer the consequences.
As a result of the changes in Covid-19 restrictions, many Macau operators were affected and suffered significant year-on-year declines. Galaxy Entertainment, one of the main operators in the region, saw a drop in gaming revenue in the first quarter of 2021, with its main Galaxy Casino experiencing a 5.9% decrease in gaming revenue compared to the first quarter of 2020.
Last week, Kingston Financial Group - which has two satellite casinos in Macau - issued a profit warning due to its predicted 90% drop in year-on-year revenue.