× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 3 June 2019

Macau casino revenue ends rut with 2% growth for May

By Tim Poole

Gross gaming revenue in Macau grew 2% year-on-year to MOP25.95bn ($3.22bn) for May, ending the casino industry’s two-month period of decline.

For the year-to-date, Macau’s casinos have still generated 2% less than they did at this point last year, accumulating MOP125.69bn.

But May’s growth is a welcome boost after a significant fall for April. April’s MOP23.59bn tally was 8% down, while March’s MOP25.84bn figure showed a 0.4% decline.

The improvement for May makes it only the second month so far in 2019 to show growth.

China’s Labour Day holiday period of 1 May to 4 May was likely a significant factor, as many of Macau’s five-star casino resorts were reported to have received a large volume of bookings.

However, analysts have continued to warn trade wars between China and the US will impact Macau’s casino market, with some suggesting VIP revenue is still suffering in the gambling hub.

RELATED TAGS: Land-Based | Casino | Financial
IN-DEPTH 18 February 2020
A decade to remember

1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
The Leading iGaming Software Supplier in Asia
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...