Macau’s gross gaming revenue (GGR) amounted to MOP17.7 billion ($2.21 billion) in June, reflecting a 12.4 percent decrease from May’s MOP20.19 billion ($2.51 billion).
According to data released by the local regulator, the Gaming Inspection and Coordination Bureau (DICJ), although the June tally marked a 16.4 percent increase from the previous year, it remarks the lowest GGR since the beginning of the year.
The result also represents a 25.7 percent decrease from the MOP23.8 billion ($2.97 billion) reported in June 2019, before the pandemic.
For the first half of 2024, Macau’s casino GGR reached MOP113.8 billion ($14.20 billion), up 41.9 percent from last year but still 23.9 percent lower than the same period in 2019, which was MOP149.50 billion ($18.66 billion).
May’s GGR was the highest monthly total since the city’s borders reopened in January 2023.
June only had the Dragon Boat Festival as a public holiday, which falls on June 10th. Besides that, many investment banks believe that both the Euro 2024 football matches and seasonality are the reasons for the GGR drop in June.
