Macau gross gaming revenue fell 49.6% to $2.96B patacas ($370M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau.
The September tally was up 35% from the prior month with some COVID restrictions loosened slightly. However, GGR was still down 87% compared to the pre-pandemic level in 2019.
For the year, gross gambling revenue was down 53.1% to $31.9B patacas ($3.99M).
Looking ahead, analysts expect the incremental improvement in Macau traffic to continue, although it is unclear when the zero-tolerance COVID policy will be pulled back enough for Mainland and international visitations to recover.
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Macau gaming revenue improves in September but still down 87% from pre-pandemic level