Macau’s gross gambling revenue appears to be trending about 13 percent higher than during the Golden Week holiday period as visitation continues to improve, according to channel checks by Bernstein Research.
The firm said GGR from Nov. 1-8 was about MOP2 billion ($250 million), with an average daily rate that was about 67 percent below the prior year. However, it was up 13 percent compared with the three-week period after Golden Week.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.