Macau’s recovery from the COVID-19 pandemic is well underway. The special administrative region is experiencing a significant increase in visitor numbers. Tourists are flocking back, driving economic revitalization in this renowned gambling hub.
GGR spending nears pre-pandemic levels
The average money wagered per visitor has impressively rebounded to about 93% of pre-pandemic figures. Between January and May, the GGR spend per visitor reached $841.
Creditsights: optimistic about Macau’s recovery
CreditSights has expressed optimism regarding Macau’s economic recovery, attributing it to enhanced travel frameworks and anticipated short-term growth. The firm believes these factors will significantly boost the region’s stability and prosperity.
Key factors
- Improved Travel Frameworks;
- Short-term Growth Expectations;
Economic indicators
| Indicator | Q1 2023 | Q2 2023 |
|---|---|---|
| Tourist Arrivals | 2.5M | 3.0M |
| Gaming Revenue | $1.2B | $1.5B |
CreditSights notes these advancements mark a positive trajectory for Macau’s future.
Macau’s GGR forecast set to surpass government expectations
CreditSights forecasts that Macau’s annual Gross Gaming Revenue (GGR) may exceed government predictions, potentially reaching $29.1 billion. This would mark an impressive 28% year-over-year increase. Stay tuned for more updates on this significant development in the gambling industry.
Industry collaboration for safer gambling practices
MGM China partners with industry experts to launch a responsible gambling course, aimed at fostering safer gambling behaviors and supporting at-risk players.
Macau’s gaming industry on path to recovery
As Macau’s gaming industry returns to normalcy and visitor numbers rise, the region looks forward to a robust post-COVID recovery and future growth.
Key points
- Visitor numbers are increasing steadily;
- Gaming industry is normalizing;
- Optimism surrounds post-COVID growth;
| Month | Visitors | Revenue ($M) |
|---|---|---|
| January | 500,000 | 800 |
| February | 600,000 | 850 |
| March | 700,000 | 900 |
What to expect
As the industry stabilizes, Macau is poised for substantial economic growth in the upcoming months.
