Macau GGR falls 3.4% in 2019

Full-year gross gaming revenue in Macau in 2019 fell 3.4 per cent from the previous year’s figure.

2019 GGR amounted to MOP292.4bn, about US$37bn. These negative results were confirmed by the steep 13.7 per cent year-on-year drop in December GGR, partly as a result of Chinese President Xi Jinping’s visit. December was the only double-digit drop among the 2019 monthly results.

In December, Fitch Ratings revised its rating outlook for Macau from stable to negative due to the territory’s increased “mainland Chinese exposure.” The potential effect of US-China trade tensions on the gaming industry was one of the concerns that it cited.

Source: Asia Gaming Brief