Gaming Revenue Macau
- Gross gaming revenue (GGR), also called game yield, is a key metric used by gambling and betting companies. It reflects the difference between the amount of money players wager minus the amount that they win. It is important to note that gross gaming revenue is equivalent to 'sales' or 'revenue' - not 'profit' or 'earnings'.
- Australia-based slot machine maker Ainsworth Game Technology Ltd says it expects to report “improved revenue” for the six months ended December 31, 2020. This reflects an increase of 71 percent on the AUD42-million (US$32.5-million) recorded in the first half of 2020, but a 33-percent reduction.
- Macau casino gross gaming revenue (GGR) declined 8.9 percent sequentially in February, to MOP7.31 billion (US$914 million), compared to just above MOP8.02 billion in January, according to data issued on Monday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, a.
Gaming brought in $7.30bn of SJM’s revenue, down 78.0%. Gaming revenue in Macau as a whole for 2020 was down 79.3% year-on-year following closures and travel restrictions, though the last restrictions for travellers from mainland China were lifted yesterday.
Breaking this gaming revenue figure down further, non-VIP table games brought in $5.86bn, a 76.7% decline. VIP gaming revenue dropped 85.1% to $2.04bn and slot revenue declined 68.0% to $379.3m. This resulted in gross revenue of $8.28bn, of which $971.0m was removed through bonuses and commission.
MACAU (BLOOMBERG) - Macau gaming revenue surged from a year-earlier month that saw casinos shut down for 15 days as Covid-19 began to sweep across the globe. But gaming operators are still seeing.
Hotel, catering and other revenue also declined rapidly, by 71.3% to $202.5m.
Macau Gaming Revenue Latest
SJM’s flagship Casino Grand Lisboa venue brought in $2.07bn in revenue for the year, down 84.0%. Other SJM-promoted casinos brought in $1.35bn, down 78.5% and revenue from satellite casinos – which are operated through service agreements between SJM and third party promoters – dropped 84.5% to $4.85bn.
After paying $3.37bn in gaming taxes and levies, down 78.3%, SJM was left with $3.94bn, down 77.6%.
SJM’s operating expenses came to $7.26bn, with the vast majority, at $7.10bn, in general and administrative expenses. It paid an additional $124.7m in marketing expenses, down 98.0%.
This led to a net loss of $3.15bn, compared to a $3.37bn profit in 2019.
Gaming Revenue Macau
After $22.5m in tax, down 56.4%, SJM’s post-tax loss was $3.17bn, after a $3.32bn profit the year before.
Macau Gaming Revenue 2018
The business also incurred a $313.7m loss through the change in fair value of investments, leading to a $3.49bn total comprehensive loss, compared to 2019’s $3.27bn total comprehensive profit.