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NEWS 1 July 2019

Macau casinos record highest revenue growth of 2019 for June

By Tim Poole

Macau’s casino industry enjoyed its highest year-on-year growth of 2019 for June, as gross gaming revenue rose 6% to MOP23.81bn ($2.96bn).

The total itself is the second-lowest of the year and still leaves casinos 0.5% down on accumulated gross revenue for the calendar year so far.

However, Macau’s casino sector has now grown for two months in a row, following April’s 8% drop.

Revenue rose 2% for May and June’s 6% increase should allay constant speculation about the state of Macau’s gambling market.

Volatile VIP revenue and the impact of the US-China trade war have been forecasted as factors for dwindling Macau handle and revenue.

But growth, for June at least, was significantly more positive and means three out of six months in 2019 have seen yearly increases.

RELATED TAGS: Land-Based | Casino | Financial
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