Macau Lags Singapore, Philippines In Q3 GGR

Macau fell to third place locally in gross game revenue (GGR) in the three months to Sept. 30, behind Singapore and the Philippines, according to figures compiled by GGRasia.

Philippine casino segment produced just over $49.36 billion (US$866.7 million) of GGR in the third quarter of 2022, up 7.6% from the previous quarter, according to data released on Monday by Philippine game regulator Philippine Entertainment and Game Company (Pagcor).

Singapore ranked second in terms of market-wide GGR in comparison to the region. Total gaming revenue at Singapore’s two casino resorts was just above $788 million in the July-September period, according to quarterly figures released by each operator. The city has a Marina Bay Sands game resort run by the Las Vegas Sands company and a resort world sentosa casino complex run by genting Singapore Inc. 경마

Marina Bay Sands’ third-quarter casino revenue was $510 million, up 2.0% from the previous three months, according to data from Las Vegas Sands.

Genting Singapore reported last week that game sales rose 58.7% to about Singapore $382 million ($278.1 million) in the three months to Sept. 30.

Casino GGRs in Macau fell 34.7% quarter-on-quarter to $5.55 billion (US$688.4 million) in the three months to Sept. 30, figures released in October by the local regulator Game Inspection and Coordination Bureau (DICJ).

Macau’s third-quarter GGR performance was negatively impacted by a 12-day city casino shutdown amid the worst community COVID-19 outbreak since the pandemic began in early 2020.

While Macau continues to follow mainland China’s “dynamic zero” policy in dealing with COVID-19, most other Asian jurisdictions have shifted to a strategy of living with COVID-19, benefiting from simultaneous improvements in tourism volume.

Macau sees continuous decline in terms of quarterly GGR across markets. Macau produced nearly $2.21 billion of GGR in the opening quarter of 2022, down 52.2% to $1.05 billion in the second quarter, according to official data. The latter figure was still enough for Macau to rank first in front of the Philippines and Singapore on a reported GGR basis.

Singapore’s two casino resorts produced a total GGR of about $741 million in the second quarter, respectively, according to corporate data. According to figures released by PAGCO, the Philippine casino sector produced GGRs slightly above $824 million during the same period.

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