Macau casinos post 28th consecutive month of growth
Macau’s Gaming Inspection and Coordination Bureau announced monthly casino revenue of MOP25bn ($3.1bn) for November; a 9% increase year-on-year.
The results provide the world’s largest gaming hub with its 28th consecutive month of year-on-year growth.
Forecasts for the month predicted growth between 5% and 10%.
November’s revenue represented acceleration from October’s 3% growth rate.
Year-to-date accumulated revenue up to the end of November is up 14% to MOP276bn.
The November results follow a slow Q3 for the island’s economy, as gross domestic product (GDP) only grew 1% in the period.
A report from Macau’s Statistics and Census Service showed the island’s rate of growth was at its lowest point for more than two years, with exports of gaming services rising by 5.8% year-on-year during the third quarter.
A statement from the statistics bureau reflected on the Q3 performance and said: “The economy grew at a slower pace, mainly due to a continuous decline in construction investment and a notable slowdown in growth of exports of services.”
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