Macau sees the year’s second highest monthly gross gaming revenues of MOP8.4 billion in July

Macau sees the year’s second highest monthly gross gaming revenues of MOP8.4 billion in July
Macau’s total gross gaming revenues in the first seven months of 2021 stood at MOP57.47 billion, a year-on-year increase of 63.9%.(Allin photo)

Macau’s gross gaming revenues grew by 29.2% month-on-month in July, to about MOP8.44 billion, the second highest monthly figure in 2021.

The July figure was more than a five-fold increase compared with the same period of last year, according to data released by the Gaming Inspection and Coordination Bureau.

Local casino revenues quickly rebounded in July after a drop in revenues in the previous month due to tighter travel restrictions in the wake of a new wave of Covid-19 infections in neighbouring Guangdong province.

The restrictions were gradually eased in late June.

Macau’s total gross gaming revenues in the first seven months of 2021 stood at MOP57.47 billion, a year-on-year increase of 63.9%.

Looking forward, industry analysts believe that Macau’s gross gaming revenues in August will be negatively affected once more by the emergence of new Covid-19 cases throughout the Chinese mainland.