Macau’s gross gaming revenue (GGR) amounted to MOP16 billion ($2 billion) in November, reflecting a 17.7 percent decline from October’s MOP19.5 billion ($2.42 billion).
According to data released on Friday by the local regulator, the Gaming Inspection and Coordination Bureau (DICJ), the November tally marked a 435 percent increase from the previous year.
For the eleven months leading up to November 30th, Macau’s casino GGR reached MOP164.5 billion ($20.4 billion), indicating a 325 percent surge compared to the same period the previous year.
Macau has expanded its annual iconic event, the Grand Prix, from one to two weeks in November to attract more visitors to the gaming hub. However, gaming expert Ben Lee from IGamiX noted that the expansion of the event had a negative double-digit impact on GGR for the month, as congestion and accessibility concerns pushed punters away.
In the January to October period, the Asian gaming hub welcomed nearly 22.7 million tourists, a 359 percent increase from the same period last year. This accounts for approximately 68 percent of the numbers recorded in the same ten-month period of 2019 when visitor arrivals reached 33.41 million.
In November, the Macau Government projected gaming revenue for 2024, stating that Macau’s GGR is expected to climb to MOP$216 billion ($26.8 billion) in the coming year.
