During the lockdown, high roller gamblers accounted for the major source of casino revenue. A Taiwanese high roller contributed 6000 million MOP to the Macau casino.
Macau casino GGR back to growth in May
According to data released by the Gaming Inspection and Coordination Bureau, Macau’s gross gaming revenues (GGR) fell by 93.2% year-on-year to MOP$1.76 billion (US$220.4 million) in May. The performance was better than analysts’ estimation for a decline of about 94% year-on-year to MOP$15 billion (US$188 million).
Covid-19 hit hard on Macau economy
The impact of Macau’s casino downturn on the local economy has been striking. From January to May, Macau’s GGR is down 73.7% year-on-year to MOP$33.0 billion. Statistics department of Macau announced that the city’s GDP in the first quarter of 2020 plummeted by 48.7% YoY. It marked the fifth straight quarterly decline in the city’s economy. Macau is heavily reliant on tourism but lockdown changed everything.
Taiwanese high roller reportedly contributed 3% of May revenue for Macau casino
One Taiwanese gambler contributed nearly 3% of revenue in a Macau casino for the month of May, according to some reports.
In the City of Dreams casino, an unnamed gambler came to Macau and spent 6000 million gambling during the lockdown.
The player originally earned a large sum of cash at Wynn Palace in April. But it was said that he lost the majority of the winnings upon his return in May.
VIP gamblers like this Taiwanese gambler are among the few individuals who have been making the trek to Macau. And they usually stay for a longer period of time than before since quarantine is require. VIP gamblers have always been a very important client segment to gambling business, both online and offlime. Although VIPs account for a minority in the client base, they contribute the largest part of the profit.