This story was published more than 4 years ago.
Macau had a bit of a rough month in April, as the betting destination's Gross Gaming Revenues dropped by 8.3%, and year to date contraction is showing a drop of 2.4% from last year.
The numbers were filled by the Gaming Inspection and Coordination Bureau, which does so on the first of every month. For the first four months of the year, Gross Gaming Revenues have totaled $12.35 billion, down from 2018's numbers. Analysts have been predicting a down year for the largest gambling market, as a combination of factors are working against expanded growth.
Even though contraction is expected, there is a possibility that the trend could be bucked. Reservations for the Labor Day holiday are up significantly, and the Macau Tourism Office is predicting a jump in visitors of up to 20%.
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Comments
Looks like the revenues will go up again in May after the weak April period if they expected more than 20% jump of the visitors compared to last year, that surely will reflect over the turnovers as well.
It is not a minus growth. Maybe, bad economic situation from the trades war with US might affect the Chinese player's spending in Macau, but it is just my guess. Let's wait and see 😀