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.
Sep 27, 2021The Macau government’s recent proposals for changes to the legal framework of the city’s casino industry – including oversight of operator dividends and a system involving government-appointed...
First-half gambling cash turnover generated by South Korea’s casino sector