Macau GGR hits $2.4bn in first month of 2024

Macau’s gross gaming revenue amounted to MOP19.3bn ($2.4bn) in the first month of 2024, 77 per cent of the MOP24.9bn ($3bn) reported in January of 2019, before the pandemic.

According to data released by the local regulator, the Gaming Inspection and Coordination Bureau, the January tally marked a 67 per cent increase from the same month of the previous year.

The result also reflects a four per cent increase from December’s MOP18.5bn ($2.3bn). Only one month in 2023 surpassed the results of January, 2024, with October – which included the National Day holiday week – MOP19.5bn ($2.4bn).

For the whole of 2023, Macau’s casino GGR reached MOP183.05bn ($22.68bn), indicating a 333.8 per cent surge compared to the same period the previous year.

Morgan Stanley forecasted that Macau’s mass market gross gaming revenue will surpass 120 per cent of pre-pandemic levels by the end of 2024, potentially leading to EBITDA figures reaching (or slightly exceeding) 2019 levels.

The year of 2023 marked a resurgence for Macau, stepping out of the shroud of the pandemic and the related regulations which effectively shuttered the city for three years.

Source: Asia Gaming Brief