Dec 01, 2018 Newsdesk Latest News, Macau, Top of the deck  
Casino gross gaming revenue (GGR) in Macau rose by 8.5 percent year-on-year in November, to nearly MOP25.0 billion (US$3.10 billion), according to data released on Saturday by the city’s Gaming Inspection and Coordination Bureau, also known by its Portuguese-language acronym DICJ.
Last week, several brokerages covering the Macau casino sector had issued notes anticipating a GGR growth of between 5 percent to 10 percent.
November’s GGR growth represented an acceleration from October’s 2.6-percent growth rate, but the overall figure was down in monthly terms. Casino GGR stood at nearly MOP27.33 billion in October, the highest monthly tally in four years.
The latest monthly GGR result meant the Macau market’s tally for the first 11 months of 2018 stood at MOP276.38 billion, up 13.7 percent from the prior-year period, according to the official data. GGR for the first 11 months of this year already surpassed the figure recorded for full-year 2017, when the city’s casinos recorded aggregate GGR of MOP265.7 billion.
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Philippine casino operator Bloomberry Resorts Corp announced on Tuesday it had reached an “universal agreement” with casino management firm Global Gaming Asset Management LLC (GGAM) to...(Click here for more)
"We put in a ‘chip in chip’ programme [in Macau] several years ago where basically every [gaming] chip is tracked. There was a bunch of back-end benefits in terms of accounting, finance, etcetera"
Bill Hornbuckle
Chief executive of MGM Resorts International