Macau’s full-year 2014 gross gaming revenue (GGR) fell 2.6 percent compared to 2013 according to data disclosed on Friday by the local regulator, the Gaming Inspection and Coordination Bureau.
The city produced MOP351.52 billion (US$44.0 billion) in GGR in 2014.
It was on the back of a December tally that fell 30.4 percent year-on-year to MOP23.29 billion.
Up to November 31, the market had been almost flat year-on-year, at 0.3 percent expansion for the calendar year.
Until the end of May, Macau had been on course in 2014 for double-digit percentage growth. February produced a whopping 40.3 percent year-on-year expansion.
But the numbers started to head south in June. Investment analysts attributed that mainly to the political situation in mainland China, where an anti-corruption campaign had the added side effect of inhibiting high stakes play in Macau by Chinese players.
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”As the Macau gaming revenue structure is now leaning heavily towards the mass business … once the border fully reopens, the recovery from mass should drive the sector to bounce more swiftly”
Vitaly Umansky, Louis Li and Shirley Yang
Analysts at Sanford C. Bernstein