Macau's GGR Falls 8% in April

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%.

About the author

2 replies • Last post

Comments

bgsharpe
Forum Angel
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 6426
Thanks given: 2977
Thanks received: 896
6 May 2019 - 5:39pm
#1

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.

krcoolsongss
Jackpot ChaserJackpot Chaser
coolsongss's picture
Joined: 2 Dec 2014
Posts: 2336
Thanks given: 1636
Thanks received: 1160
6 May 2019 - 6:40pm
#2

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 Joking

Post new comment

Have something to say? Agree or disagree? Tell us what you think!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.