Casino gross gaming revenue (GGR) in Macau rose by 2.6 percent year-on-year in October, to nearly MOP27.33 billion (US$3.38 billion), according to data released on Thursday by the city’s gaming regulator, the Gaming Inspection and Coordination Bureau.
It is the highest monthly tally since October 2014, when casino GGR in Macau stood at MOP28.03 billion.
Several investment analysts had a week earlier predicted October GGR would be at a similar level or slightly above 2017’s October tally, which had been a year high.
The latest monthly GGR result meant the Macau market’s tally for the first 10 months of 2018 stood at approximately MOP251.38 billion, up 14.3 percent from the prior-year period, according to the official data.
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“We see that basically the ‘golden’ periods [for Macau's casino industry] are all concentrated in the second half of this year”
Lei Wai Nong
Macau’s Secretary for Economy and Finance