Macau’s gross gaming revenue (GGR) amounted to MOP18.4 billion ($2.31 billion) in November, reflecting an 11.3 percent decrease from October’s MOP20.8 billion ($2.60 billion).
According to data released by the Gaming Inspection and Coordination Bureau (DICJ), the November tally marked a 14.9 percent increase compared to the same period last year. However, it remains 19.4 percent lower than the MOP22.9 billion ($2.86 billion) reported in November 2019, before the pandemic.
For the first eleven months of 2024, Macau’s casino GGR reached MOP208.6 billion ($26.1 billion), representing a 26.8 percent year-on-year increase. Despite this growth, the figure is still 22.6 percent below the MOP269.6 billion ($33.31 billion) recorded during the same period in 2019.
Earlier, analysts from Bank of America had predicted that Macau’s gaming revenue for November would reach MOP18 billion ($2.25 billion). This forecast was largely attributed to seasonal factors and the impact of the Macau Grand Prix.
The Macau Grand Prix, held from November 14th to 17th this year, is historically known to disrupt GGR figures.
Meanwhile, Macau’s tourism authorities project 34 million visitors in 2024. This optimistic outlook follows the Chinese government’s decision to expand the Individual Visit Scheme (IVS) to include 10 additional cities. By the end of October, Macau had already welcomed over 29 million tourists
