Macau’s casino gross gaming revenue (GGR) grew by 9.6 per cent month-on-month to MOP$16.66bn (US$2.07bn) in July, according to data released on Tuesday by the city’s casino regulator, the Gaming Inspection and Coordination Bureau.
The July result was up 4,083 per cent year-on-year. The extreme increase was due to the low basis in July 2022, when the city suffered shutdowns.
The July result was the highest monthly performance since January 2020, exceeding the May GGR of MOP15.57bn ($1.93bn).
Macau’s casino GGR stood at MOP96.80bn ($12bn) for the first seven months of the year, an increase of 263 per cent from a year earlier. The tally represents only 56 per cent of the GGR of 174bn ($21.6bn) generated from January to July 2019.
In the city’s chief executive’s 2023 policy address last November, the Macau government estimated 2023 gross gaming revenue at MOP130bn ($16.25bn).
Source: Asia Gaming Brief