Macau sees 26.0% year-on-year growth April GGR
Macau sees 26.0% year-on-year growth in GGR despite April being lower than March.
According to the DICJ, Macau’s year-on-year growth in GGR remains robust, recording a 26% increase compared to April 2023.
The total GGR for the first four months of 2024 stands at MOP$75.87bn (US$9.41bn), marking a substantial 53.7% rise from the same period last year and reaching 76.1% of GGR levels in 2019.
The positive trajectory in Macau’s gaming industry indicates a promising outlook for the region’s economic recovery, driven by increased tourism and improved consumer confidence.
As per the DICJ, this year’s March saw a significant uptick in GGR, reaching MOP19.50bn ($2.42bn), marking the highest figure since January 2020. This reflects a 5.5% increase from February’s MOP18.5bn ($2.29bn) and a slight 0.01% rise from the post-Covid high recorded in October 2020.
April, however, witnessed a minor decline, with GGR totaling MOP$18.55bn (US$2.30bn), slightly lower than March’s record-breaking figure. Analysts attribute this sequential decline to seasonal factors, though there are positive signs of stabilization towards the end of the month.
Despite short-term fluctuations, the overall trend suggests a strong rebound from the challenges posed by the Covid-19 pandemic, positioning Macau as a key player in the global gambling market.
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