That would be more than November’s revenue intake, and more than enough to get the year’s total above 180 billion patacas.
GGR
The gaming operator’s net revenue more than doubled in the first half of 2023, year-on-year, resulting in losses after tax of HK$1.4 billion for the period.
Last month marked the highest gross gaming revenue recorded in Macao post-pandemic; with 9.6 percent month-on-month growth.
Analysts say the strong gross gaming revenue performance during the first nine days of July ‘bodes well for upcoming summer holidays.’
Although GGR is still down on pre-pandemic averages, some analysts are predicting that the gaming sector will recover fully as early as next year.
However, CEO Lawrence Ho strikes a positive note, stating that “The shadow of COVID-19 is finally receding”.
Some analysts are predicting that the territory’s casinos will equal or even exceed their pre-pandemic level of earnings as early as next year.
Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
Although a strong performance, the figure is still well down on the totals registered before the Covid-19 pandemic.
