Deutsche Bank expects that Macau’s GGR for the second quarter will reach $2.96bn. This is almost a 32% fall from the $4.39bn. They previously forecasted the $4.39bn for the three months until 30 June.
The numbers would still be a 635% boost compared to the $404.8m. The figures are from Q2 in 2020.
Deutsche Bank further projected that mass-market GGR for Q2 would be $2.15bn. It is an 895% year-on-year improvement. VIP GGR should be $820.8m, a 336% growth.
The entire year GGR should reach $19.29bn. This an increase of 155% year-on-year. However, the amount is 18% lower than the previously predicted $23.44bn.
Macau’s GGR for Q1 was MOP23.64bn ($2.95m). A 23% year-on-year decline from MOP30.49bn. Still, it is an 8% increase compared to Q4 2020.
The variable figures are because of the Covid-19 pandemic. Last year Macau observed that many casinos temporarily shut down. The international travel ban was there as well.
Since February 2021, travel between Macau and China does not require a two-week quarantine. It should be helpful for the casinos.
Last week, during the Qingming holiday, over 168,000 visitors traveled to and from Macau. The 28 thousand of them were being tourists.
With China’s new prohibition on cross-border gambling, Macau will grow its casino industry.