Macau’s casinos recorded gross gaming revenue of MOP$10.32 billion (US$1.28 billion) in February, maintaining positive momentum following the removal of most border restrictions from 8 January.

According to information from the Gaming Inspection and Coordination Bureau (DICJ), the February total was 33.1% higher than February 2022 when Macau’s GGR was MOP$7.76 billion (US$959 million). Although lower than January’s MOP$11.58 billion (US$1.43 billion), February did not have the benefit of the Chinese New Year holiday which helped push the January total to a three-year high.

It also exceeded street expectations, with analysts having predicted February GGR would come in closer to MOP$9.5 billion (US$1.17 billion).

For the first two months of 2023 combined, GGR is up 55.3% year-on-year to MOP$21.90 billion (US$2.71 billion).