Macau’s gross gaming revenue for July reached a total of MOP18.59 billion ($2.31 billion), up by 11.6 percent yearly and 5 percent monthly.
According to data from Macau’s gaming watchdog, the Gaming Inspection and Coordination Bureau (DICJ), the figure is a near-24 percent drop compared to the same month in 2019, before the pandemic.
July marks the fourth-highest GGR registered in Macau this year. Figures peaked in May, at MOP20.18 billion ($2.5 billion), while March was MOP19.5 billion ($2.42 billion) and January was MOP19.33 billion ($2.4 billion).
The slight monthly uptick is promising after the seasonally lower results in June and could set the tone for a stronger 3Q24. However, results are likely to pale compared to 4Q24, given the Golden Week which falls in October.
During the first seven months of the year, Macau brought in some MOP132.34 billion ($16.44 billion) in gross gaming revenue, a yearly rise of 36.7 percent but a drop of approximately 24 percent compared to the same period in 2019.
