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Macao’s gross gaming revenue dipped slightly in April

The latest figures show a 5 percent decrease compared to the previous month, but nonetheless a 23 percent year-on-year rise.

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Macao’s casinos generated a total gross gaming revenue (GGR) of 18.5 billion patacas (US$2.3 billion) in April, according to the latest figures from the Gaming Inspection and Coordination Bureau (also referred to by its Portuguese initials DICJ). 

It marks a month-on-month drop of roughly 5 percent, compared to the nearly 19.5 billion patacas (US$2.4 billion) recorded in March.

Year-on-year, the latest total represents an increase of roughly 23 percent compared to April 2023, which saw GGR of 14.7 billion patacas (US$1.8 billion).

[See more: GGR could hit 850 million patacas during the Labour Day holidays]

The April total is the fifth highest recorded since the end of pandemic restrictions in January 2023.

Analysts have predicted that Macao’s total GGR in 2024 will jump by more than 20 percent year-on-year, with some estimates putting the final total at 234 billion patacas (US$28.98 billion), or a 28 percent surge.

Local officials have taken a more conservative position and forecast total GGR at 216 billion patacas or an 18 percent increase over last year.

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