Casino gross gaming revenue (GGR) in Macau declined by 9.5 percent year-on-year in April, marking 23 consecutive months of declines, official data show.
April’s casino GGR stood at approximately MOP17.34 billion (US$2.17 billion).
The figures were given on Sunday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau, also known by its Portuguese acronym DICJ.
The April result brings the accumulated casino GGR for the first four months of the calendar year to nearly MOP73.52 billion, a decline of 12.4 percent judged year-on-year.
Brokerage Sanford C. Bernstein Ltd said in a note on April 25 that it expected Macau’s GGR for April to decline by between 11 percent and 12 percent in year-on-year terms. “April is expected to be seasonally soft and there could be some weakness leading into the Labour Day weekend [May 1],” analysts Vitaly Umansky, Simon Zhang and Clifford Kurz stated.
Jun 18, 2018Gaming equipment manufacturer International Game Technology Plc (IGT) announced on Monday a tender offer for some of its senior secured notes due 2020. The IGT notes covered by the offer include: the...
Jun 18, 2018
Jun 18, 2018
”So far the Macau government has never failed us. And I think we have always been rewarded appropriately for the amount of investment”
Lawrence Ho Yau Lung
Chairman and chief executive of Melco Resorts and Entertainment