Macau casino GGR down 9.5 pct y-o-y in April: govt
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.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Macau due 3 new rounds of Covid tests, more than 850… July 4, 2022 
Macau ops all likely had negative 2Q EBITDA: JP Morgan July 4, 2022 
Four Seasons Macao shops paused on Covid cases July 4, 2022 
Macau tells casinos cut on-duty staff by 90pct: reports July 1, 2022 
Macau monthly GGR for June worst since Sept 2020 July 1, 2022