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.
Aug 03, 2021The Macau government announced that from 3.30pm on Tuesday (August 3) the region had entered “immediate pandemic prevention” mode, in light of an “extremely high” risk of a...
"I think for our property [Grand Lisboa Palace], looking at breaking-even and stabilisation, will take… 12 months or so, or less”
Daisy Ho Chiu Fung
Chairman of Macau casino operator SJM Holdings