Casino gross gaming revenue (GGR) in Macau fell by 8.6 percent year-on-year in August, to about MOP24.26 billion (US$3.00 billion), according to data from the city’s Gaming Inspection and Coordination Bureau, released on Sunday.
Last month’s tally was the fifth time this year that the city’s casino industry reported a monthly decline in year-on-year terms.
Several investment analysts had forecast August GGR performance as a whole to be down by as much as 5 percent judged year-on-year.
Analysts had said in previous notes that Typhoon Lekima at the start of August was likely to have had some negative effect on Macau GGR. It affected some coastal cities in mainland China and caused the Typhoon Signal No. 8 to be raised in Macau on the afternoon of July 31, until the early hours of August 1, leading to the cancellation of public transport in and to the city.
Based upon Sunday’s release of official data, the Macau market’s GGR tally for the first eight months of 2019 stood at MOP198.22 billion, down 1.9 percent from the prior-year period.
Nov 11, 2019Austrian gaming technology supplier Novomatic AG says it has achieved responsible gaming accreditation for its gaming-related operations from the Global Gambling Guidance Group (G4). G4 is an...
Nov 11, 2019
"InterContinental Hotels Group has an impressive track record in Vietnam with a large presence and is a strong brand-fit for our properties with both InterContinental and Holiday Inn"
Chairman and chief executive of Vietnam's Ho Tram Project Company