Macau’s gross gaming revenue (GGR) amounted to MOP19.75 billion ($2.46 billion) in August, reflecting a 14.8 percent increase from the same month last year’s MOP17.21 billion ($2.14 billion).
According to data released by the local regulator, the Gaming Inspection and Coordination Bureau (DICJ), the August total marked a 6.2 percent increase from July.
The result also represents an 18.6 percent decrease from the MOP24.26 billion ($3.02 billion) reported in August 2019, before the pandemic.
For the first eight months of 2024, Macau’s casino GGR reached MOP152.10 billion ($19.92 billion), up 33.4 percent from the previous year but still 23.3 percent lower than the same period in 2019, which was MOP198.22 billion ($24.66 billion).
Macau’s GGR results exceeded the expectations of Morgan Stanley analysts by 5.23 percentage points. At the beginning of August, these analysts had forecasted that Macau’s August 2024 Gross Gaming Revenue (GGR) would reach MOP18.8 billion ($2.35 billion), a 1% month-over-month increase. Year-on-year, the August results also performed better, with a difference of 5.76 percentage points compared to the 9% predicted by the investment banking company.
