Gaming | Scholar anticipates large revenue growth during CNY

With the upcoming Spring Festival holiday, local scholar Siu Chi Sen is anticipating significant growth in gaming revenue.
As cited in a TDM report, the associate professor in Business Economics from the Faculty of Business Administration at the University of Macau remarked that the region has seen an increase in the number of tourist arrivals during the Christmas season, with the majority of visitors staying in Macau overnight. Thus, the situation has had a positive effect on the casinos’ mass market business.
For next year’s gaming revenue, Siu expects the first quarter of 2021 to be similar to figures for the fourth quarter of this year.
Siu, who specializes in tourism and integrated resort research, believes that once the region starts vaccinations for Covid-19, it will possibly see the return of Macau’s gaming and tourism industry in the second and third quarters of 2021. He believes that monthly gaming revenue may once again total over MOP10 billion.
Kwok Chi Chung, president of the Macao Junket Promoters and Cooperators Association, thinks that at the current stage the recovery of Macau’s tourism and gaming industry has already met the sector’s expectation.
During the Christmas holidays, tourist arrivals have met the expectations of authorities, with some 27,800 incoming tourists on December 25.
Meanwhile, last month, the city registered gross gaming revenue of MOP6.75 billion, a plunge of 70.5% compared to the same period last year.
The November figures represented the first month-on-month dip in GGR since August this year, when the city began seeing signs of recovery in the gaming sector.