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NEWS 1 November 2019

Macau October revenue falls 3% for lacklustre start to Q4

By Tim Poole

Macau gross gaming revenue (GGR) fell 3% year-on-year for October, to MOP26.44bn ($3.28bn).

The figures, provided by the Gaming Inspection and Coordination Bereau, mean Macau’s casino sector has only grown in one of the last four months – and that growth was only 0.6% (September).

For July, Macau GGR fell 4%, following that performance up with a 9% August drop.

October’s fall continues the gaming hub’s up-and-down year and means six of 10 months in 2019 have shown decreases rather than growth.

Overall, Macau is still 2% down for the year-to-date, with analyst projections suggesting this may not change between now and the end of the 12-month period.

In their Q3 results, several operators were consistent in praising Macau’s mass market growth.

However, VIP performance has not hit the heights of 2018 in the gaming hub and that looks set to continue through Q4.

RELATED TAGS: Land-Based | Casino | Financial
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