Asia round-up: Macau's receding revenue, Lo appointed & Melco
Asia round-up: Macau's receding revenue, Lo appointed & Melco

Macau August GGR down 51% 

Macau has reported gross gaming revenue (GGR) of MOP$2.18bn (US$270m) for August 2022, a 51% decline from the prior-year period, when GGR was MOP$4.44bn. 

The figure, from Macau’s Gaming Inspection and Coordination Bureau, does however represent a huge change from last month’s total of MOP$398m, the region's worst monthly performance since the pandemic began, with Covid-19 restrictions taking their toll. The total represented a 95% drop in GGR year-on-year and continued a general downward trend. 

Despite GGR falling 51% from August 2021, the downward sequential trend has seemingly halted for August 2022, with the monthly rise providing at least some positivity for interested parties. 

  
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