Asia

Macau Gross Gaming Revenue Falls 8.5% in November

Published

5 years ago

December 3, 2019

Niji Narayan

Macau Gross Gaming Revenue Falls 8.5% in November

Photo Source: mandarinoriental.com.cn

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Macau’s gross gaming revenue has declined 8.5% to MOP$22.88 billion (US$2.84 billion) in November 2019. But the result was met with some positivity by analysts, who noted that early estimates had November GGR declining by as much as 15%.

The monthly total amounted to an average daily revenue of MOP$763 million per day, which “wasn’t too bad considering that it was in line with seasonally solid 3Qs (MOP$770 million), despite disruptions from significant social unrest in Hong Kong as well as some visa control in Macau SAR towards the end of the month,” according to JP Morgan’s DS Kim, Jeremy An and Derek Choi.

VIP revenue is estimated to have fallen by around 25% compared with November 2018 levels with mass falling by between 5% and 7%. Macau’s GGR for the first 11 months of 2019 now sits at MOP$269.62 billion (US$33.44 billion), down 2.4% year-on-year.

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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.