Affected by the crown disease epidemic and epidemic prevention measures, Macau gaming revenue in 2022 was only 42.2 billion yuan (Macau dollars, the same below, about S $ 7.05 billion), the lowest annual revenue since 2004.However, analysts predict that with the relaxation of epidemic prevention measures, the 2023 gaming revenue is expected to rebound sharply.
According to Bloomberg, data released by the Macau Gaming Supervision and Coordination Bureau on Sunday (January 1) shows that the total revenue of Macau casinos in December last year was 3.48 billion yuan, a decrease of 56 % from the same period in 2021.Slightly lower than the analyst's previous 57 % prediction median.
This means that the cumulative gaming revenue in Macau in 2022 was 42.2 billion yuan, a decrease of 51 % compared to 87.5 billion yuan in 2021, and far below the 292 billion yuan before the outbreak of the epidemic in 2019.According to statistics, this is the lowest year after the 2004 Macau casino gaming revenue of 41.3 billion yuan.
However, analysts also predict that although the growth of cases brought about by epidemic prevention measures will cause negative effects to continue until around the Lunar New Year, but in the next 2023, Macau gaming revenue is expected to rebound significantly, and the middle of the prediction of gains increases the middle of the increase.The value is 195 %.
Report also pointed out that Macau's current six casino operators have recently obtained a new license for 10 years, eliminating the major uncertainty of the industry, making investors more optimistic about the industry.The casino also has a brighter prospect in the long run.
