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Macao gaming revenues fall by 94.5% in August  

Gross gaming revenues fall 94.5% year-on-year in August to MOP 1.33 billion (US$166.6 million).

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UPDATED: 22 Dec 2023, 5:46 am

Gross gaming revenues fall 94.5 per cent year-on-year in August to MOP 1.33 billion (US$166.6 million), according to data released today by the Gaming Inspection and Coordination Bureau (DICJ).

Gross gaming revenues for the first eight months of this year decreased by 81.6 per cent year-on-year to MOP 36.3 billion (US$ 453.7 million).

In July, gaming revenues reach MOP 1.34 billion (US$ 167.5 million), a 94.5 per cent drop compared with the same period of 2019.

Data from the DSIJ show that since April, the gaming revenues fall every month around 90 per cent.

Gross gaming and gambling revenues at Macao casinos in December recorded the biggest year-on-year contraction in 2019, with a drop of 13.7 per cent to MOP 22.838 billion (US$2.854 billion).

After recording year-on-year growth since August 2016, 2019 had just four months of revenue growth, with the remaining eight months of contraction, some of which with high percentage variations. This included January (-5.0 per cent), April (-8.3 per cent), August (-8.6 per cent), November (-8.5 per cent) and December (-13.7 per cent).

The gross revenue raised over 2019 fell by more than MOP 10 billion compared with 2018, totalling MOP 292.455 billion (US$33.556 billion), or a decline of 3.4 per cent.

Gross revenue in 2018 totalled MOP 223.210 billion (US$27.901 billion).

At the end of the third quarter of 2019, Macao had 41 casinos, 22 of which owned by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, two by Wynn Resorts (Macau), four by Melco Crown (Macau) and two by MGM Grand Paradise, which altogether had a total of 6,756 tables and 17,348 slot machines.

PHOTO © Macaulink

UPDATED: 22 Dec 2023, 5:46 am

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