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Typhoon dampens August GGR, as expected

Macau gross gaming revenue in August fell in line with analyst estimates, reaching MOP 22.7 billion (US$2.8 billion).

The results represented a year-on-year increase of 20.4 percent, compared to MOP 18.8 billion reached in August 2016.

Earlier in the month, analysts predicted August GGR to grow around 24 percent year-on-year, but Typhoon Hato and Pakhar dampened optimism, bringing growth estimates down to 18 to 21 percent for the month.

Accumulated gross revenue year to date is MOP 172 billion, an increase of 19.1 percent year-on-year compared to the prior-year period.

More news from this jurisdiction

MacauThursday, Jan 18, 2018

Macau police are searching for a dealer who reportedly stole close to HK$48 million (US$6.1 million) worth of casino chips from Wynn Macau, local media reports.

MacauThursday, Jan 18, 2018

The Macau SAR saw total visitor arrivals grow 5.4 percent in 2017, reaching 32.6 million, said the head of Macao Government Tourism Office (MGTO), Maria Helena de Senna Fernandes on Wednesday.

MacauWednesday, Jan 17, 2018

Sands China team members and executives visited residents of Navegantes Street and Lai Chi Vun in Coloane Wednesday.

MacauWednesday, Jan 17, 2018

The Macau legislature passed the outline of a bill on Tuesday, which proposes that no gaming projects will be allowed on newly reclaimed land in Macau.

MacauMonday, Jan 15, 2018

The second week of January saw stronger GGR numbers, says brokerage firm Bernstein, which has revised up its GGR estimate for the month.

MacauMonday, Jan 15, 2018

Melco Resorts & Entertainment Ltd is proud to announce the winning of three Hotelier of the Year for 2017 awards at the prestigious BMW Hotelier Awards, an annual award presentation for the hospitality sector.

MacauFriday, Jan 12, 2018

A group of gaming workers from Wynn Macau have submitted a petition to the MSAR government complaining of Wynn’s alleged tolerance of clients’ illegal smoking.