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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”Many investors cite Golden Week as a catalyst to significant, sustainable visitation increases and a showcase for profitability for many casinos [in Macau]... However… we are concerned recovery estimates may again be pushed back”
Analyst at Roth Capital Partners