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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”We’ve been in Japan and in many other places, and while we have to be mindful of our investments ... we have the type of profile now and relationships with financial institutions where we are in a position to take a look at fresh opportunities”
Chairman of Hong Kong-listed casino investor NagaCorp