GGRAsia – Macau casino GGR down 9pct in August: govt

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Macau casino GGR down 9pct in August: govt

Sep 01, 2019 Newsdesk Latest News, Macau, Top of the deck

Macau casino GGR down 9pct in August: govt

Casino gross gaming revenue (GGR) in Macau fell by 8.6 percent year-on-year in August, to about MOP24.26 billion (US$3.00 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Sunday.

Last month’s tally was the fifth time this year that the city’s casino industry reported a monthly decline in year-on-year terms.

Several investment analysts had forecast August GGR performance as a whole to be down by as much as 5 percent judged year-on-year.

Analysts had said in previous notes that Typhoon Lekima at the start of August was likely to have had some negative effect on Macau GGR. It affected some coastal cities in mainland China and caused the Typhoon Signal No. 8 to be raised in Macau on the afternoon of July 31, until the early hours of August 1, leading to the cancellation of public transport in and to the city.

Based upon Sunday’s release of official data, the Macau market’s GGR tally for the first eight months of 2019 stood at MOP198.22 billion, down 1.9 percent from the prior-year period.

Related articles

Macau gaming likely hurt by China virus...
Jan 24, 2020
Spintec now has five Karma GEN2 units...
Jan 21, 2020

More news

Board shuffle at casino group Crown...
Jan 24, 2020
DB still expects 2H Macau GGR gains if...
Jan 24, 2020

Board shuffle at casino group Crown Resorts

Board shuffle at casino group Crown Resorts

Jan 24, 2020

Australian casino operator Crown Resorts Ltd – currently facing an inquiry about its suitability to hold a New South Wales gaming licence – announced on Friday some changes to its board and...

DB still expects 2H Macau GGR gains if China virus culled

DB still expects 2H Macau GGR gains if China virus culled

Jan 24, 2020

Macau gaming likely hurt by China virus alert: SJM CEO

Macau gaming likely hurt by China virus alert: SJM CEO

Jan 24, 2020

Okada Manila scale an edge in city’s casino market: COO
Dec 31, 2019

The scale of the land plot at Philippine casino resort...
Incheon seeks to expand casino cluster to counter Japan
Dec 11, 2019

The Incheon Free Economic Zone (IFEZ) Authority in South...
Suncity Manila casino not a threat: Travellers EVP
Dec 09, 2019

Macau junket brand Suncity’s move toward being a casino...
Nagasaki fully backs Sasebo IR location: vice governor
Nov 06, 2019

A senior official of Japan’s Nagasaki prefecture has...
NagaCorp open to new development opportunities: chairman
Jul 15, 2019

Hong Kong-listed casino operator and developer NagaCorp Ltd...