Asia

Macau reports lower GGR for March

Published

6 years ago

April 2, 2019

Niji Narayan

GGR for March reaches new heights in Macau

Photo Source: asgam.com

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According to the latest data from the Gaming Inspection and Coordination Bureau in Macau, the gross gaming revenue (GGR) fell by 0.4% in March. The results, though lower, is actually better than the analyst expectations.

March GGR reached MOP25.8 billion, down slightly from MOP25.95 billion reached in March 2018.

The accumulated gross revenue for the first quarter was down 0.5 per cent year-on-year, reaching MOP76.2 billion.

Union Gaming analyst Grant Govertsen said GGR had increased on a sequential basis to February, which was a positive sign.

“While it is not uncommon for total March GGR to be greater than February, this isn’t always the case, and, in our view, considering the macro backdrop a sequential increase should be viewed positively and a sign of resilience in the market.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.