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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“All of the [casino] concessionaires in Macau respect the law in China, and we never promote gaming in China”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China