Macau’s gaming revenue falls 9% for November
Gross gaming revenue in Macau fell 9% year-on-year to MOP22.9bn ($2.9bn) for November, as the US-China trade war and Hong Kong protests continue to negatively affect results.
The figures provided by the Gaming Inspection and Coordination Bureau show seven months of revenue decline out of 11 for Macau this year and the second consecutive month without growth.
November’s fall was the second-largest of the year so far, after August’s results fell from MOP26.6bn to MOP24.3bn.
The performance however, was not as bad as analysts feared. Predictions made on the island’s financial results for November predicted a 10%-13% drop.
Accumulated gross revenue currently sits at MOP269bn, representing a drop of 2%. Unless Macau has an exceptional December, it will not match or improve upon last year’s annual total of MOP302.8bn.
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