Macau Gaming Revenues Rise 8.5% in November

This story was published more than 1 year ago.

Macau had a bang-up month of November, as Gross Gaming Revenues surged 8.5%, bringing in $3.1 billion to casino operators.

The number is up 2.6% from the month prior, but below the $3.39 billion brought in during the month of October. The largest gambling market in the world is currently up by 13.7% for the year in terms of GGR. Industry analysts have been touting the continued growth of Macau's gambling industry, with growth expected to eclipse 13% by the end of December.

Speaking about the market analysts Grant Goversten said, "[It] is important to keep in mind that as VIP continues to shrink as a percentage of total GGR (now run-rating at ~45%), the traditional big holiday months like Jan/Feb and Oct will be less dramatic than in years past World Gaming Expo Monaco scheduled for next month postponed - for an entire year."

Moving into next year, Macau is expected to grow in the single digit range. VIP gambling continues to shrink as a portion of gambling revenue, but is being replaced by middle-class betting, which reflects the realities of the Chinese economy.

We'll be following the market and will be updating readers as we get results.

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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bgsharpe
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5 December 2018 - 7:32pm
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Looks like the numbers are OK in Macau even though it doesn't been a record braking month in terms of revenues...13% growth for the year is quite significant when we speak of largest casino resort out there and a multi billion industry really.