GGRAsia – Macau casino GGR falls 3 pct full-year 2016: govt

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Macau casino GGR falls 3 pct full-year 2016: govt

Jan 01, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino GGR falls 3 pct full-year 2016: govt

Macau’s accumulated casino gross gaming revenue (GGR) for full-year 2016 fell 3.3 percent compared to the tally for 2015, according to data released on Sunday by the city’s regulator, the Gaming Inspection and Coordination Bureau.

The city’s accumulated GGR for the 12 months of 2016 stood at MOP223.21 billion (US$27.95 billion), compared to MOP230.84 billion in 2015.

It meant Macau has experienced three consecutive years of annual GGR decline: in 2015, GGR had fallen 34.3 percent; in 2014, it slipped 2.6 percent year-on-year.

Despite 2016’s annual year-on-year GGR contraction – against a significantly diminished base of Macau GGR over the previous two years – the final five months of 2016 registered consecutive year-on-year improvements in the monthly tally of GGR.

Macau’s GGR for December 2016 rose by 8.0 percent year-on-year, to nearly MOP19.82 billion.

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