Macau has released its gaming revenue report for January.
The region has started 2024 off quite strongly, with the first month seeing a 67% increase from the previous year's statistics and a gross monthly income of MOP$19.3bn (US$2.4bn).
This is perhaps driven by the increasing levels of tourism Macau reported throughout 2023.
Although the tourism statistics for January haven’t been released yet, December 2023 showed the highest number of visitor arrivals since January 2020 - a trend that’s been continuing steadily for the past year.
The total number of visitors to Macau in December totalled 2,943,930 and the average per-capita spending of visitors in Q3 was MOP$2,366.
Looking at last year's gaming revenue trends though, Macau saw a brief dip in February before the gross monthly income increased steadily throughout the year.
Last month is a continuation of this trend, as the MOP$19.3bn from January is a 4% increase from December figures.
At the very end of last year, Gambling Insider also delved into whether Macau can continue to grow to rival Nevada’s Las Vegas.
However, if Macau does want to support this avenue, it will come up against several unique challenges,
This includes the pressure for economic diversification, especially in the wake of the figures Macau reported during the border lockdowns, as well as changing demographics in tourism.
Not only that, but the regulations are ever-changing in the region, which can pose unique problems as businesses try to keep up with them.
